Groww shares fall 5% a day before one-month lock-in period expires; stock up 44% from IPO price

The shares of Billionbrains Garage Ventures, the parent company of leading stock broking platform Groww, dropped around 5 percent on December 9. This comes a day before the one-month shareholder lock-in period comes to an end on December 10.

The newly-listed shares dropped to Rs 144.20 apiece, snapping a two-session gaining streak. The stock is currently up 44 percent from its IPO price of Rs 100.

Around 14.92 crore shares, or approximately 2 percent of the company's outstanding equity, will become eligible for trading once the lock-in expires, CNBC-TV18 quoted Nuvama Alternative and Quantitative Research as saying. The said number of shares will be cumulatively worth more than Rs 2,262 crore based on the stock’s previous closing price of Rs 151.64 per share.

However, this does not imply that all these shares will be offloaded in the market immediately. The expiry of the lock-in period simply means that these shares can now be traded.

How have Groww shares performed since listing?

The shares of the company made a decent debut on stock markets on November 12, listing with a premium of 12 percent over the IPO price at Rs 112 apiece on NSE. The stock then surged around 94 percent from its IPO price in just five sessions to hit a high of Rs 193.80 apiece on November 18.

The stock has fallen nearly 26 percent since then. However, it is still up 44 percent from its IPO price, and 29 percent from its listing price of Rs 112 on NSE.

Groww Q2 Results:

Groww on November 21 reported a consolidated net profit of Rs 471.4 crore for the second quarter of the ongoing financial year 2026. This marks a 12 percent year-on-year increase from the Rs 420.16 crore net profit reported in the corresponding quarter of FY25.

The broker’s revenue from operations meanwhile declined 9.5 percent YoY to Rs 1,018.7 crore in Q2 FY26, from Rs 1,125.39 crore in Q2 FY25.