Groww shares tumble 5% as Rs 5,637 crore block deal hits Street after lock-in expiry

Groww Block Deal: Shares of Billionbrains Garage Ventures, the parent company of investment platform Groww, fell nearly 5 per cent in trade on Tuesday, May 12, after a large block deal involving the company’s shares took place following the expiry of its shareholder lock-in period.

According to market data, nearly 31 crore shares of the company changed hands in the block deal window during the session. The transaction accounted for around 5.01 per cent of the company’s total equity.

The shares were traded at an average price of Rs 182.3 apiece, taking the total deal value to approximately Rs 5,637 crore.

The stock remained under pressure throughout the session as investors reacted to the sizeable transaction and concerns over potential additional stake sales following the lock-in expiry.

Existing investors likely pared stake

Earlier, Zee Business had reported that several existing investors in Groww were likely to pare their holdings through a block deal.
Among the investors expected to participate in the transaction are Peak XV, YC Holdings, Ribbit Capital and Sequoia Capital.

The group was reportedly looking to dilute nearly 4.3 per cent equity in the company, with an additional upsize option also available.

The deal reportedly includes a 90-day lock-up period, restricting further share sales by participating investors during that period.

Groww lock-in period ends

Tuesday also marked the end of Groww’s shareholder lock-in period, a development closely tracked by market participants.

According to Nuvama Alternative & Quantitative Research, shares worth nearly Rs 418.19 crore, representing around 68 per cent of the company’s outstanding equity, became eligible for trading after the lock-in expiry.

Based on Monday’s closing price, the total value of the shares freed up for trading was estimated at around Rs 81,338 crore.
However, analysts noted that the expiry of the lock-in period does not necessarily mean all eligible shares will immediately be sold in the market. It only gives shareholders the option to trade those shares.

Stock under pressure despite strong 2026 gains

Groww shares had ended Monday’s session 4.93 per cent lower at Rs 194.50 ahead of the lock-in expiry and block deal. On Tuesday, the stock slipped another 5 per cent amid heavy trading activity and investor caution surrounding the large stake sale. Despite the recent correction, the stock has still gained more than 25 per cent so far in 2026.