India’s fintech arena got a strong vote of confidence today as Bengaluru-based Groww secured a hefty anchoring sum of ₹2,984.54 crore from 102 institutional investors ahead of its much-anticipated initial public offering (IPO).
The shares were allotted at ₹100 each, with 29.84 crore equity shares taken up in this anchor round.
This anchor-round milestone not only reflects investor appetite for Groww’s story, but also sets a solid platform as the company prepares to hit public markets.
Who’s Behind the Investment?
The mix of anchor investors reads like a who’s-who of the investment world:
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Domestic mutual funds purchased 13.90 crore shares, making up around 46.6 % of the
