Groww’s Rs 6,632 crore IPO, which saw 57% subscription on Day 1, has received a wave of positive recommendations from leading brokerages. Most analysts rated the issue as “Subscribe,” citing Groww’s leadership in India’s retail investing market, robust tech stack, and long-term potential despite steep valuations. Source link
Online brokerage Groww’s founders are set for a massive payday as the Bengaluru-based fintech gears up for one of India’s most-awaited public listings next week. At the upper end of the IPO price band, the company’s four co-founders will together pocket Rs 40 crore, marking windfall gains of up to 4,950% from their original investment….
Imagine Marketing, the parent of Indian wearables brand boAt, has filed updated documents with the market regulator for a 15-billion-rupee ($170.7 million) initial public offering, months after securing approval for the listing. The company had filed confidentially for an IPO in April, following which it received the regulatory approval in late August. The confidential route…
Canara Robeco IPO: The initial public offering (IPO) of Canara Robeco Asset Management Company Limited concluded its final day of public bidding today, October 13, with the issue subscribed 9.74 times, as per provisional exchange data. The asset management company aims to raise Rs 1,326.13 crore from the public offering. Canara Robeco IPO subscription status:…
Rubicon Research IPO: The initial public offering (IPO) of Rubicon Research Limited stepped into its final day of public bidding today, October 13. The issue has seen an overall subscription of 13.42 times so far, as per provisional exchange data. The company aims to raise Rs 1377.50 crore from the public offering of 2.84 crore…
LG Electronics India’s initial public offer (IPO) — to raise Rs 11,607 crore through fresh issuance — conculded on Thursday, October 9. The issue registered an overall subscription of 54 times the equity on offer, according to provisional exchange data, as investors bid heavily across categories. At the end of the three-day book-building process, the IPO received bids for 385.33…