Groww IPO price band: Billionbrains Garage Ventures Ltd, the parent company of the Indian online investment platform, Groww has set price band in the range of ₹95 to ₹100 per equity share of the face value of ₹2. The Groww IPO date of subscription is scheduled for Tuesday, November 4, and will close on Friday, November 7. The allocation to anchor investors for the Groww IPO is scheduled to take place on Monday, November 3.
The floor price and the cap price are 47.50 times and 50 times the face value of the equity shares. The Groww IPO lot size is 150 equity shares and in multiples of 150 equity shares thereafter.
Groww IPO has reserved not less than 75% of the shares in the public issue for qualified institutional buyers (QIB), not more than 15% for non-institutional Institutional Investors (NII), and not more than 10% of the offer is reserved for retail investors.
Tentatively, Groww IPO basis of allotment of shares will be finalised on Monday, November 10, and the company will initiate refunds on Tuesday, November 11, while the shares will be credited to the demat account of allottees on the same day following refund. Groww share price is likely to be listed on BSE and NSE on Wednesday, November 12.
