FintechPre-market
Groww raises ₹2,984 crore from anchor investors ahead of IPO
pre-market1 source ↓written by the desknot a recommendation
- has successfully raised
- ₹2,984 crore
- ahead
- 100 anchor investors
- set to open
- ₹6,632 crore IPO
- to open
- 4 Nov 2023
- of the anchor
- 46.6%
Groww has successfully raised ₹2,984 crore from over 100 anchor investors ahead of its ₹6,632 crore IPO set to open on 4 Nov 2023. This strong backing reflects significant market confidence in India's fintech sector.
Domestic mutual funds contributed approximately 46.6% of the anchor book, indicating robust interest from institutional investors.
Not investment advice. For informational purposes only.