Groww Shares Hit 10% Lower Circuit as Profit Booking Kicks In After Blistering Post-IPO Rally

Shares Hit 10% Lower Circuit as Profit Booking Kicks In After Blistering Post-IPO Rally Bengaluru-based fintech unicorn’s stock corrects sharply after nearly doubling from IPO price in just five trading sessions Mumbai, November 19, 2025 – Shares of Billionbrains Garage Ventures Ltd, the parent company of India’s largest stock-broking platform Groww, tumbled 10% on Wednesday to hit the lower circuit at ₹169.94 on the BSE. The sharp correction came as investors resorted to profit booking after an extraordinary post-listing rally that saw the stock surge approximately 94% from its IPO price in only five sessions. Groww had made a solid market debut on November 12, listing at ₹114 – a 14% premium to its issue price of ₹100. From there, the stock went on a dream run, touching a high of ₹193.91 before Wednesday’s sell-off erased a significant portion of those gains. Valuation Concerns Trigger Caution Analysts pointed to stretched valuations as the primary trigger for the correction. “Groww’s sharp post-listing run-up has pushed its valuation well above many traditional capital market peers, raising questions about valuation comfort,” said Nitin Jain, Senior Research Analyst at Bonanza Portfolio. At current levels, Groww is trading at a price-to-earnings (P/E) multiple of around 61x, significantly higher than established listed brokers