Groww reports SEBI approval for SBI Funds Management IPO
The IPO is a 100% book-built OFS of 20.37 crore shares by SBI and Amundi, with no fresh issue.
See the latest news and media coverage for Groww. We track all announcements, press releases, and industry mentions in real time, all in one place.
India's online stock brokerage platform
groww.inLast updated
In short: Groww reached a record 13.06 million active users, surpassing competitors while securing key regulatory approvals for international expansion.
The IPO is a 100% book-built OFS of 20.37 crore shares by SBI and Amundi, with no fresh issue.
The ₹585 crore fresh issue opens 23–25 June with a price band of ₹769–₹808 and tentative listing on 1 July 2026.
Valuation could exceed ₹5 trillion in a 100% OFS, with listing on BSE. No proceeds to NSE.
The fintech unicorn could raise about $600 million. It chose the confidential pre-filing route and appointed lead managers.
FTSE is expected to a reasonably active volume day, with India likely to witness passive foreign institutional investment (FII) inflows of over $600 million, driven...
Within banks, MOFSL said it continued to prefer large-cap lenders as valuations appear reasonable in the context of the earnings outlook.
Looking to invest in US stocks? Leading Indian new-age brokerages, including Groww, Zerodha, Angel One and Upstox, are ...
Goldman Sachs buys 0.18 percent stake in Groww parent Billionbrains Garage Ventures, as global investors deepen bets on the Bengaluru based trading platform...
Track Groww and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Browse news for competitors to Groww and other trending companies.