Groww shares tumbled as much as 7% to hit an intraday low of ₹180.15 on Wednesday following the expiry of the company's six-month post-IPO lock-in period. According to NSE data, Peak XV Partners, Ribbit Capital and Y Combinator together sold 29.52 crore shares worth ₹5,325.8 crore via multiple bulk deals at an average selling price of ₹180.43, representing a 1.5% discount to the stock's closing price of ₹183.1. The transactions came alongside the expiry of Groww's lock-in period, which made nearly 418.2 crore shares eligible for trading starting today. Despite the initial decline, the stock closed 5.47% lower on the BSE for the day.
As reported by NSE data, Peak XV Partners Investments, Ribbit Capital, and Y Combinator sold more than 29.52 crore shares cumulatively worth ₹5,325.8 crore at an average price of ₹180.43 per share via bulk deals on May 12. The fund had invested ₹200-250 crore in the company and netted another ₹1,116 crore from the sale, holding a stake worth ₹18,000 crore. Meanwhile, Ribbit Capital via its two funds dumped 14.2 crore shares for ₹2,567.1 crore, while Y Combinator offloaded stock worth ₹1,642.3 crore. At the end of March 2026 quarter, Peak XV was Groww's largest shareholder with a 16.88% stake, followed by YC Holdings (Y Combinator) with 10.08% and Ribbit Capital with 6.9% shareholding respectively.
According to NSE data, Groww reported a 122% jump in net profits to ₹686.4 crore in Q4 FY26 from ₹309.1 crore a year ago, demonstrating strong profitability growth. Operating revenue rose 88% YoY and 24% sequentially to ₹1,505.4 crore, taking total income to ₹1,535.5 crore. The company had stated that Groww is "well positioned to capitalise on India's retail investing tailwinds," and expects the company to deliver revenue growth at a 30% CAGR over FY26-28. The strong financial performance indicates operating leverage across segments as reported by the company.
As reported by NSE data, Groww's market capitalisation has nearly doubled to around ₹1.25 lakh crore from its IPO valuation of about ₹62,000 crore. The stock had made a decent debut on stock markets back in November last year, listing with a premium of 14% over the IPO price at ₹114 apiece on BSE. The stock skyrocketed more than 99% in just five months to hit a fresh 52-week high of ₹227 apiece in April this year, nearly doubling investors' wealth. However, the stock has declined around 15% since then to trade at ₹193.50 apiece as of 10.40 am on Wednesday, reflecting the impact of the major stake sale and lock-in expiry.
