Groww clients with energetic buying and selling accounts can commerce in commodities akin to crude oil, gold, silver and pure gasoline via the Multi Commodity Alternate from 9 am to 11:30 pm, based on info obtainable on the inventory broking platform’s web site.
Merchants in India have been more and more displaying curiosity in investing in commodities to diversify their portfolios and hedge towards market volatility.
Prior to now few months, IPO-bound Groww has launched a number of choices within the capital markets area as a part of its strategic diversification push.
The corporate launched company bonds, Margin Buying and selling Facility, 915 (a pro-traders-focused platform), and W, a wealth administration providing (after buying Fisdom).
At current, Groww has over 18 million energetic clients.Final month, Billionbrains Storage Ventures, the mum or dad firm of Groww, filed up to date draft papers with Sebi for an Preliminary Public Providing (IPO), with trade sources acquainted with the event pegging the difficulty dimension at an estimated Rs 7,000 crore.
The proposed IPO contains a recent challenge of fairness shares price Rs 1,060 crore together with an Supply For Sale (OFS) part of 574,190,754 fairness shares by promoters and investor shareholders, based on the up to date Draft Purple Herring Prospectus (DRHP).
