Groww is looking at a potential initial public offering (IPO) to raise around $700 million, while Ather Energy is set to value itself at as much as $2.4 billion in its upcoming IPO, per media reports.
Groww in talks with bankers for IPO
Indian stockbroking platform Groww has held talks with a clutch of investment banks for a potential initial public offering (IPO) to raise around $700 million, The Economic Times reported on Monday.
The IPO will likely be at a valuation of $6-8 billion, the report said.
The report comes months after Groww completed the flip back of its parent entity to India from the US to facilitate its India listing.
In India, Groww competes with the likes of Zerodha, Upstox, and Angle One.
Ather likely to file IPO papers soon
Electric two-wheeler manufacturer Ather Energy is set to value itself at as much as $2.4 billion in its upcoming IPO, The Economic Times reported on Monday.
Ather is expected to file its updated draft red herring prospectus (DRHP) later this month or the first week of February after sending final clarifications to the Securities and Exchange Board of India (Sebi), the report said.
Last year, Ather turned a unicorn at a $1.3-billion valuation, following $71 million from existing investor National Investment and Infrastructure Fund (NIIF).
