Top India Broker Groww Starts Taking Orders for $747 Million IPO

The parent of Groww, India’s largest online broker, began taking investor orders Tuesday for an initial public offering that may fetch 66.3 billion rupees ($747 million), helping the country’s hot IPO market approach last year’s record.

Billionbrains Garage Ventures Ltd. is offering shares until Friday at 95 rupees to 100 rupees apiece, which would value the company at as much as $7 billion. Trading is scheduled to begin on Nov. 12.

Groww, the nation’s answer to Robinhood Markets Inc., is backed by Microsoft Corp. Chief Executive Officer Satya Nadella and the company has seen its number of customers surge for ...