Prøve GULL - Gratis
Groww parent files for IPO papers via confidential route
Hindustan Times Patna
|May 27, 2025
Billionbrains Garage Ventures, the parent company of stock broking firm Groww, has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) through a confidential pre-filing route, aiming to raise between $700 million and $1 billion, said persons familiar with the development.
NEW DELHI:
The IPO is a combination of a fresh issue and an offer for sale (OFS) component, they added.
In a public announcement on Monday, Billionbrains Garage Ventures said, "the company has filed the pre-filed draft red herring prospectus with Sebi and the stock exchanges...in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges".
The company, backed by marquee investors Peak XV, Tiger Capital and Microsoft CEO Satya Nadella, plans to use the proceeds for investment in technology development and business expansion, the people said.
Denne historien er fra May 27, 2025-utgaven av Hindustan Times Patna.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Hindustan Times Patna
Hindustan Times Patna
West Asia-North Africa: Ocean of opportunities
Prime Minister Narendra Modi’s visit to Jordan, Oman, and Ethiopia could help forge partnerships under India’s MAHASAGAR vision
4 mins
December 15, 2025
Hindustan Times Patna
Meesho’s strong market debut boosts Prosus’ India bets
The Netherlands-headquartered Prosus’ India thesis is paying off in quick succession, and the global consumer-internet investor is now gearing up to deploy more patient capital across consumer internet, artificial intelligence (AI) and fintech, senior executives told Mint.
2 mins
December 15, 2025
Hindustan Times Patna
MAN WHO KILLED U.S. SOLDIERS WAS TO BE FIRED FROM SYRIAN FORCES FOR EXTREMISM
Syria's interior ministry said on Sunday that the gunman who killed three Americans in the central Palmyra region the previous day was a member of the security forces who was to have been fired for extremism.
1 min
December 15, 2025
Hindustan Times Patna
You can't see me... anymore: John Cena retires; celebs share tributes
Legendary WWE superstar John Cena has officially closed the curtain on his in-ring wrestling career after 26 years, concluding a farewell run that culminated in his final match at Saturday Night's Main Event XLII on December 13.
1 min
December 15, 2025
Hindustan Times Patna
2 students shot dead in Brown Univ classroom
Nine people were injured, seven of them critically. The gunman has been arrested. Two students on campus survived school shootings in 2018, 2019
2 mins
December 15, 2025
Hindustan Times Patna
Raja slams anti-Indian graffiti at NYU library
US Congressman Raja Krishnamoorthi on Saturday strongly condemned reports of antisemitic, anti-Indian and racist graffiti found inside a library at New York University.
1 min
December 15, 2025
Hindustan Times Patna
Stop hyping Big AI: Smaller, smarter models the future
The Big Artificial Intelligence (AI) hype machine is running in overdrive.
4 mins
December 15, 2025
Hindustan Times Patna
Remembering the unsung heroes of the war of 1971
Tomorrow, we will celebrate the 54th Victory Day.
3 mins
December 15, 2025
Hindustan Times Patna
From vows to views: How social media virality is now the new wedding 'wow'
After the billionaire wedding in Udaipur blew up Instagram, this is how young couples are now hiring PR managers and social media managers to make their own weddings go viral
2 mins
December 14, 2025
Hindustan Times Patna
Sania Mirza reveals battling 'bouts of depression' during peak
Former tennis star Sania Mirza has added her voice to the growing wave of Indian athletes speaking publicly about mental health, revealing that she, too, often struggled with bouts of depression.
1 min
December 14, 2025
Listen
Translate
Change font size