Sovereign funds to back Groww IPO in India
market hours1 source ↓written by the desknot a recommendation
- priced
- ₹95-100 per share
Three major sovereign funds, including Norway's Norges Bank, Abu Dhabi Investment Authority, and Singapore's GIC, will invest in Groww's ₹6,630 cr ($754 million) IPO. The offering, priced at ₹95-100 per share, is expected to be among the largest in 2025, following significant floats by other firms. This move may enhance investor confidence in the primary market.
Not investment advice. For informational purposes only.