The shares of Groww, the stock broking platform under Billionbrains Garage Ventures, slipped nearly 5% on December 9, just a day before the one-month shareholder lock-in period ends. Investors are now watching closely as a portion of the company’s equity becomes eligible for trading.
Market Performance
- Current Price: Rs 144.20 per share
- IPO Price: Rs 100 per share
- Listing Price: Rs 112 per share
- Gain Since IPO: 44%
- Recent High: Rs 193.80 (November 18)
The recent drop ended a short two-session gaining streak, but keeps the stock comfortably above its IPO and listing levels.
Shareholder Lock-in Details
With the lock-in expiry on December 10:
- Approximately 14.92 crore shares (~2% of outstanding equity) will be eligible for trading.
- Based on the last closing price of Rs 151.64, these shares are cumulatively valued at over Rs 2,262 crore.
- Not all shares are expected to hit the market immediately; the expiry simply allows shareholders to trade if they choose.
Groww’s Listing Journey
Groww made a notable market debut on November 12, listing 12% above its IPO price at Rs 112 per share. The stock then saw a strong rally, rising 94% in five sessions to hit Rs 193.80 on November 18. Since then, it has retraced about 26%, yet remains 44% higher than its IPO price and 29% above its listing price.
Financial Snapshot (Q2 FY26)
- Net Profit: Rs 471.4 crore, up 12% YoY from Rs 420.16 crore in Q2 FY25
- Revenue from Operations: Rs 1,018.7 crore, down 9.5% YoY from Rs 1,125.39 crore in Q2 FY25
These numbers reflect steady growth in profitability despite a slight dip in operating revenue, indicating robust business fundamentals.
Summary
As Groww’s shareholder lock-in period nears its end, the stock’s short-term volatility is expected. However, its strong post-IPO performance, solid Q2 results, and eligible shares for trading make it a focal point for market observers.
