Groww Shares Slip 5% Ahead of One-Month Lock-In Expiry; Still Up 44% Since IPO

Shares of Billionbrains Garage Ventures, the parent company of leading stockbroking platform Groww, fell nearly 5% on December 9, a day before the one-month shareholder lock-in period ends on December 10. The stock dropped to Rs 144.20 per share, breaking a two-day winning streak. Despite the decline, Groww shares remain significantly higher, up 44% from their IPO price of Rs 100. According to Nuvama Alternative and Quantitative Research, around 14.92 crore shares—roughly 2% of the company’s outstanding equity—will become eligible for trading once the lock-in expires. At the stock’s previous closing price of Rs 151.64, these shares would be worth over Rs 2,262 crore. However, the lock-in expiry does not necessarily mean immediate selling of these shares; it only allows shareholders the option to trade them. Performance Since IPO Groww made a strong market debut on November 12, listing at Rs 112 per share on the NSE, a 12% premium over the IPO price. The stock quickly gained momentum, surging about 94% in just five sessions to reach an intra-day high of Rs 193.80 on November 18. The recent pullback comes amid market caution ahead of the lock-in expiration, but analysts note that the stock’s long-term performance will depend on investor confidence in Groww’s growth prospects and the broader fintech market.