Groww shares fall 5% after equity worth ₹5,637 crore change hands in multiple blocks

Shares of Billionbrains Garage Ventures, the parent company of Groww, are trading 5% higher on Tuesday, May 12, amid a large block deal and the expiry of the company's shareholder lock-in period.

As many as 31 crore shares of Groww changed hands in a block deal window today. The number of shares that changed hands amount to 5.01% of the total equity.

Shares changed hands at an average price of ₹182.3 per share, taking the total transaction value to ₹5,637 crore.

CNBC-TV18 had reported on Monday that several existing investors in Groww are likely to offload stake in the company through a block deal.

Investors including Peak XV, YC Holdings, Ribbit Capital and Sequoia Capital are expected to participate in the transaction, with the group looking to dilute nearly 4.3% equity in the company, along with an upsize option.

The deal also includes a 90-day lock-up period on further share sales.

Groww lock-in ends today

The development comes as Groww's shareholder lock-in period expires today. According to Nuvama Alternative & Quantitative Research, shares worth nearly ₹418.19 crore, representing around 68% of the company's outstanding equity, will become eligible for trading.

Based on the closing price of Monday, the value of the shares that will free up for trade is worth ₹81,338 crore.

However, the expiry of the lock-in period does not necessarily mean all eligible shares will be sold in the open market. It only allows shareholders the option to trade those shares.

Groww shares ended Monday's session 4.93% lower at ₹194.50. The stock has gained more than 25% so far in 2026.

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