New Delhi, Nov. 4 -- The highly-anticipated initial public offering (IPO) of Billionbrains Garage Ventures, the parent company of fintech platform Groww, opened to strong investor interest on Tuesday, November, amid positive brokerage views and a steady trend in the grey market.

The offer worth Rs.6,670 crore will close for bidding on Friday, November 7, given the truncated market week.

Groww IPO garnered strong interest from the retail investors, whose quota sailed through on the first day of the bidding process.

According to data from the BSE, the IPO received bids for 20.62 crore shares against 36.48 crore shares on offer. The retail investor category witnessed 1.91 times bids, and the non-institutional investor (NII) segment saw 59...