Guru, backed by Satya Nadella, is ready to become the first Indian start to go to the public after India’s move from the United States

GrowIndia’s largest retail brokerage firm is ready to examine the country’s public markets with a multi -billion dollar IPO. The list comes when the company has made its corporate headquarters back to India from Delaware in just one year of reorganization – a move that can make the first Indian to join the list after migration from the United States.

With the help of Microsoft CEO Satya Nadella and Marki investors, the Yi Combinator, Rabat Capital, and Tiger Global, Guru’s list – which is expected later this year – is ready to double as a significant emission opportunity for global project funds. According to the IPO draft, all three investment firms are offloading about 236 million shares. Circle On Tuesday, it becomes the only largest selling block, which accounts for about 41 41 % of all shares offered to the public.

Pine Labs, Razor payFor, for, for,. MisehoAnd Zipato is in the Indian beginning who has recently moved his base back home. Walmart-backed Phoop moved from Singapore to India in 2022, while Philip Cart-once supporting his parents and Walmart-announced plans to move from Singapore to India earlier this year.

Last year, Guru became one of the first startups to move his headquarters back from the United States to India, as part of the move, Startup paid about $ 159 million.

Moving your base back home helps Startups prepare local regulations and meet the requirements of domestic stock lists. Given the foundation of the growing retail investors of IPOs and the growing appetite, it is also understood to tap India’s public markets. This trend reflects the growing maturity and attractiveness of Indian capital markets compared to alternatives abroad.

While US investors intend to offload a large portion of their holdings in the Guru, founder Lanlet Cashri, Harsh Jane, Neeraj Singh, and Ishaan Bansal are selling only 40 million shares together – according to the Draft Prospects, only 0.7 % of the total offer for sale.

Unlike the small sales indicators that the founders of the Guru are using the IPO as an external route, almost all of them maintain all the equity.

Guru, with a secondary sale of 574 million shares by current shareholders, plans to raise new funds from IPO $ 10.6 billion (about $ 121 million), costing $ 5-6 billion (about $ 568- 682 million). IPO is Expected Appreciate $ 9 billion to a Bangalore -based company.

In the fiscal year ended March 31, Guru reported a total income of $ 40.6 billion (about $ 462 million), up 45 percent year -on -year, after a tax of $ 18.2 billion (about $ 208 million). The launch had a net loss of about $ 8 billion (about $ 92 million) in the past year, mainly due to the costs of transferring its Delaware headquarters.

By June, Guru had about 37 37.4 million individual dams accounts (digital accounts that hold securities electronically), which represents about 19 % of the Indian market, as well as 12.6 million active clients in the national stock exchange equivalent to 26 % shares. The platform also counts about 17 million active systemic investment plans (SIPs, which are repeatedly operating) and 9 million unique mutual fund investors, who have become the only investment app crossing the 100 million total downloads in the country.

The offer was suggested by JP Morgan Chase, Kotak Mahindra Bank, City Group, Axis Bank and Moti Lal Oswal Investment Advisor.