Groww Shares Drop 4% as One-Month Lock-in Period Ends

Shares of

ains Garage Ventures, the parent company of popular brokerage platform Groww, fell over 4% on Wednesday, December 10, as the mandatory one-month lock-in period for certain shareholders came to an end. The stock declined to an intraday low of ₹143.29 on the NSE, marking its second consecutive session of losses. According to Nuvama Alternative and Quantitative Research, approximately 14.92 crore shares — representing about 2% of the company’s total equity and worth around ₹2,230 crore at Tuesday’s closing price of ₹149.45 — have now become eligible for trading. Market experts note that while the unlocking of these shares increases liquidity, it does not necessarily mean immediate selling pressure, as many investors may choose to hold their positions. Groww’s Post-Listing Journey The stock had a strong debut on November 12, listing at ₹112 — a 12% premium over its IPO price. It then rallied sharply, surging 94% from the IPO price to hit a high of ₹193.80 within just five trading sessions. The current correction comes after profit-booking at higher levels and the natural impact of the lock-in expiry. Analysts remain watchful on sustained selling pressure from unlocked shares in the coming sessions.