Groww shares fell nearly 4% in Wednesday's trading session following the completion of a significant block deal by Ribbit Capital. According to Bloomberg data, about 126.2 million shares changed hands in two block trades, with media reports identifying Ribbit Capital as the likely seller. The transaction involved the sale of approximately 1.6% of Groww's equity, with the shares being offered by three Ribbit-linked entities—Ribbit Capital V LP, Ribbit Cayman GW Holdings V Ltd and GW-E Ribbit Opportunity V LLC. As of 11:35 AM, Groww shares were trading 3.4% lower at ₹196.10 on the NSE, with the stock emerging as the most traded stock by volume and value on the NSE. Trading volume was more than 3.9 times its average full-day trading volume over the past three months, with more than 17 crore shares changing hands for a total traded value of approximately ₹3,344 crore.
Groww reported robust Q1FY27 earnings showing significant growth across key metrics, as reported by The Economic Times. The company posted a consolidated net profit attributable to shareholders of ₹735.04 crore, up 94.3% year-on-year from ₹378 crore. Revenue from operations rose 66% to ₹1,501.42 crore from ₹904 crore in the corresponding quarter of the previous financial year. EBITDA more than doubled to ₹971 crore in the quarter, while showing a 3% sequential increase from ₹939 crore. The company's operating leverage played out across all cost buckets in the quarter as PAT margin stood at 47.5%, reflecting a Y-o-Y expansion of 7.6 percentage points. On a sequential basis, net profit increased 7% from ₹686 crore. The company added 115,000 net clients during the quarter, strengthening its market leadership across key segments despite industry-wide slowdown.
Groww shares have outperformed the markets in 2026 so far, gaining 26% compared with a 7% decline in the benchmark Nifty 50 index, according to Business Standard. The proposed transaction represents a 4% discount to Tuesday's closing price, indicating strong market confidence in the company's fundamentals. At the current terms, the transaction implies a valuation of roughly ₹1.2 lakh crore for the Groww parent, with the ₹1,914 crore offer based on the sale of 1.6% of Billionbrains Garage Ventures' total equity at the ₹195-per-share floor price. The floor price represents a 3.95% discount to the previous market price, as reported by NDTV Profit. The stock traded in a range of ₹196.11-₹205.21 during Tuesday's session, as reported by ETMarkets. Groww made its stock market debut in November 2025 after raising ₹6,632 crore through its initial public offering (IPO), listing at ₹114 on the NSE, a 12% premium to its issue price of ₹100.
The latest Ribbit sale follows a series of secondary share sales by early investors in Groww. In May, up to 268.4 million shares, or about 4.3% of Groww's equity, were proposed for sale through on-market transactions, with a base deal size of about ₹4,750 crore, with a floor price set at ₹177 per share. Groww's shares had come under pressure amid those reports, with the stock falling about 7% in one session as the market reacted to the prospect of large supply from early backers. Last week, US-based startup accelerator Y Combinator sold ₹1,435.2 crore worth of shares through its affiliate YC Holdings II LLC, selling 7.47 crore Groww shares at ₹192.16 apiece, according to Inc42. The transaction took Y Combinator's cumulative proceeds from Groww to about ₹4,132 crore, while it continued to hold an 8.6% stake in the listed company. Y Combinator was among Groww's earliest investors, having led a ₹154 crore Series B funding round in 2019 when Groww was primarily a mutual-fund investment platform with about 2.5 million registered users.
