After Lock-In Expiry, Backers Sell Groww Shares Worth ₹5,326 Cr
Posted On | From Team Inc42

As Groww’s six month IPO lock-in period expired today, existing investors sold the fintech major’s shares worth ₹5,325.8 Cr via multiple open market transactions.
As per NSE data, Peak XV Partners, Ribbit Capital and Y Combinator together sold 29.52 Cr shares at an average selling price of ₹180.43, raking in the sum.
While Ribbit Capital, via its two funds, dumped 14.2 Cr shares for ₹2,567.1 Cr, Peak XV and Y Combinator offloaded stock worth ₹1,116.4 Cr and ₹1,642.3 Cr, respectively.
There was no clarity on who lapped up the shares that flooded the market.
At the end of the March 2026 quarter, Peak XV was Groww’s largest shareholder with a 16.88% stake, followed by YC (Y Combinator) Holdings and Ribbit Capital 10.08% and 6.9% shareholding, respectively.
The block deals were executed at a discount of nearly 1.5% to the stock’s closing price of ₹183.1 on the BSE today. Following the expiry of the lock-in period, 418.2 Cr Groww shares became eligible for trading.
This comes months after Groww made a bumper debut on the bourses in November last year, listing at a premium of 14% to its IPO price of ₹100. The company’s market capitalisation has since nearly doubled to around ₹1.25 Lakh Cr from its IPO valuation of about ₹62,000 Cr.
On the financial front, Groww reported a 122% jump in net profits to ₹686.4 Cr in Q4 FY26 from ₹309.1 Cr a year ago. Meanwhile, operating revenue rose 88% YoY and 24% sequentially to ₹1,505.4 Cr, taking total income to ₹1,535.5 Cr.
Amid a flurry of activity, shares of Groww tumbled as much as 7% to hit an intraday low of ₹180.15. The stock, however, pared some of the losses to finally close the day 5.47% lower on the BSE.
The post After Lock-In Expiry, Backers Sell Groww Shares Worth ₹5,326 Cr appeared first on Inc42 Media.
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