Groww Crashes 10% To Hit Lower Circuit After Rallying 70% Post Listing

SUMMARY

The stock touched its all-time high of INR 193.91 yesterday, marking an upside of 70% from its listing price of INR 114 on the BSE and nearly 94% from the issue price of INR 100

As per Nuvama Alternative and Quantitative Research, around 149.2 Mn shares of the firm, representing 2% of the total equity, will be available for trading once the lock-in period ends

Today’s profit booking came a couple of days before Groww is scheduled to release its Q2 FY26 financial numbers on November 21,

Shares of Groww parent, Billionbrains Garage Ventures Ltd, slumped 10% to hit the lower circuit at INR 169.94 on the BSE today.

The stock saw its first decline after a stellar run in the first five sessions, during which it nearly doubled from its issue price. The company made its public market debut on November 12.

The stock touched its all-time high of INR 193.91 yesterday, marking an upside of 70% from its listing price of INR 114 on the BSE and nearly 94% from the issue price of INR 100.

At the lower circuit, the company’s market capitalisation stood at INR 1.04 Lakh Cr (about $13.1 Bn). As much as 15.9 Cr shares of Groww exchanged hands today.

In yesterday’ trading session, over 46 Cr shares of Groww changed hands, with only 8.24 Cr marked for delivery. “Marked for delivery” refers to shares that will actually be transferred into the buyer’s demat account, as opposed to intraday trades that are squared off by the end of the day.

As per Nuvama Alternative and Quantitative Research, around 149.2 Mn shares of the firm, representing 2% of the total equity, will be available for trading once the lock-in period ends for anchor investors.

Notably, 50% of the anchor investor shares (about 74.6 Mn shares) will be unlocked after 30 days from the date of allotment, which is December 10, while the remaining 50% will be unlocked after 90 days from the date of allotment on February 8.

Today’s profit booking came a couple of days before Groww is scheduled to release its Q2 FY26 financial numbers on November 21, marking its first financial disclosure since going public.

In Q1 FY26, Groww posted a net profit of INR 378.4 Cr, up 12% from INR 338 Cr in the year-ago period. However, its top line also saw a decline in the quarter under consideration, where operating revenue fell 10% to INR 904.4 Cr from INR 1,000.8 Cr in Q1 FY25.

In FY25, it raked in a net profit of INR 1,824.4 Cr as against a loss of INR 805.5 Cr in the previous fiscal year. Meanwhile, its operating revenue surged about 50% to INR 3,901.7 Cr in FY25 from INR 2,609.3 Cr in the previous fiscal.