The IPO of Groww’s parent company, Billionbrains Garage Ventures Ltd, which raised approximately Rs 6,632.30 crore — comprising about Rs 1,060 crore fresh equity and an OFS of Rs 5,572.30 crore — has now reached key milestones.
The IPO of Groww’s parent company, Billionbrains Garage Ventures Ltd, which raised approximately Rs 6,632.30 crore — comprising about Rs 1,060 crore fresh equity and an OFS of Rs 5,572.30 crore — has now reached key milestones.
Veteran investor Sandip Sabharwal has sounded a cautionary note about the ongoing boom in initial public offerings (IPOs) in India, suggesting that the excitement may mask deeper risks. He warned that while the primary market remains vibrant, the underlying quality and transparency of many new listings are cause for concern.
The Enforcement Directorate (ED) has launched an extensive investigation into Varanium Cloud Ltd, following allegations of large-scale financial irregularities tied to its Rs. 40 crore IPO raised in September 2022. The IPO proceeds were reportedly meant to establish edge data centres and digital learning hubs in smaller towns, but the projects were never executed.
India’s primary markets are showing renewed momentum with a strong pipeline of initial public offerings (IPOs) attracting investor interest. According to the Economic Times IPO section, several deals have opened recently and still more are in the queue.
OpenAI’s chief financial officer Sarah Friar has clarified that the company is not currently working toward an initial public offering (IPO). Speaking at the WSJ Tech Live conference, Friar stated “IPO is not on the cards right now” and added that the firm is focused on scaling operations rather than getting distracted by listing plans.
Securities and Exchange Board of India (SEBI) chairman Tuhin Kanta Pandey clarified that SEBI will not intervene in determining the valuations of initial public offerings (IPOs), emphasising that pricing remains the prerogative of the market.
The nomination for the initial public offering (IPO) of Billionbrains Garage Ventures Ltd., the parent company of Groww, closes today. The total issue size stands at around Rs. 6,632 crore.
intech company Pine Labs has opened its initial public offering, seeking to raise approximately Rs. 3,899.91 crore through a combination of fresh issuance and an offer for sale. The issue comprises a fresh issue of Rs. 2,080 crore and an offer for sale of Rs. 1,819.91 crore by existing shareholders.
Emmvee Photovoltaic Power Ltd, an Indian solar panel manufacturer heading towards its initial public offering, plans to invest around Rs. 55 billion (US$625.75 million) to expand its manufacturing capacity, reflecting confidence in domestic renewables demand.
Groww’s parent company, BillionBrains Garage Ventures Ltd, is gearing up for a major initial public offering (IPO) through which it plans to raise approximately Rs. 1,062 crore via fresh equity and an additional Rs. 5,572 crore from an offer-for-sale (OFS) by existing shareholders. The IPO is being launched against a backdrop of strong retail investor interest and an expanding user base for the online investment platform.
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