The initial public offering (IPO) of online investment platform Groww has continued to draw robust investor interest, with the issue being oversubscribed 3.5 times by the third day of bidding. The strong response underscores the deepening appetite among investors for digital-first financial services companies, particularly those that target new-age investors in India’s expanding retail markets.
Groww, which operates as a full-service stockbroking platform and mutual fund investment marketplace, launched its IPO earlier this week, seeking to raise funds to bolster its product suite, strengthen its technology infrastructure and support ongoing customer acquisition efforts. The o
