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Sebi has expanded IPO anchor investor participation to include insurance and pension funds alongside mutual funds, raising anchor quota to 40% and merging allotment categories, aimed at diversifying the investor base and ensuring greater stability.
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News and Media
Urban Company, Shringar House, and Dev Accelerator IPOs drew record bids worth 1.22 lakh crore. Urban Company led with subscriptions nearly 100 times the offer, highlighting robust investor demand despite stretched valuations and high-risk considerations.
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Growws parent, Billionbrains Garage Ventures, plans to file for a $650800 million IPO in Mumbai, aiming at an $8 billion valuation, backed by Satya Nadella. If successful, Groww will surpass Angel One as Indias most valuable brokerage.
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News and Media
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