India, Oct. 30 -- Investment tech major Groww's highly-anticipated IPO will open on November 4 and close on November 7.

As per the company's RHP, anchor investor bidding will take place on November 3. The IPO will comprise a fresh issue of up to INR 1,060 Cr and an offer for sale (OFS) of up to 55.72 Cr shares. Groww has lowered the OFS component slightly from the earlier proposed 57.4 Cr shares.

The company has set a price band of INR 95 to INR 100 for its public listing. At the upper end of the price band, the company would be valued at INR 61,735 Cr (about $7 Bn).

At the price of INR 100 per share, the total size of the IPO would be over INR 6,600 Cr (about $746.4 Mn).

In terms of financial metrics, the company's price to earnings ...