Groww Shares Fall 4% Ahead of Shareholder Lock-In Ending on December 10
- 9th December 2025
- 04:00 PM
- 3 min read
Summary
Groww shares declined nearly 4% in today’s trade ahead of a key stock event on December 10, when the one-month shareholder lock-in period is set to expire. While the stock remains 47% above its IPO price, analysts believe valuations appear elevated relative to current earnings.Mumbai | December 9
Shares of Billionbrains Garage Ventures, the parent company of discount brokerage platform Groww, fell as much as 4% on Tuesday. The decline came ahead of the expiry of the post-listing lock-in period on December 10, a key date closely tracked by the market participants
Despite the correction, Groww shares continue to trade 47% above the issue price of ₹100, valuing the company at a market capitalisation of ₹90,814 crore.
Why December 10 Matters for Groww share
Once the one-month post-listing lock-in ends, approximately 14.92 crore shares, about 2% of Groww’s outstanding equity will become eligible for trading, according to brokerage estimates.
Importantly, the expiry of a lock-in does not mean these shares will be sold immediately. It only means they become eligible for secondary market trade.
Investors typically track such events to understand whether fresh supply could influence near-term price movement.
Q2 FY26 Financial Performance
Groww reported a 12% year-on-year increase in consolidated net profit to ₹471.33 crore in Q2 FY26, supported by a growing user base and strong asset expansion. The company had posted a profit of ₹420.16 crore in Q2 FY25.
Revenue from operations stood at ₹1,018.74 crore, down about 9.5% year-on-year from ₹1,125.4 crore in Q2 FY25, according to its first quarterly earnings released post listing.
The number of transacting users rose to 19 million, up 27% year-on-year, while customer assets increased 33% year-on-year to ₹2.7 lakh crore, driven by steady flows in both equities and mutual funds.
Analyst View on Groww Share
Analysts tracking the counter remain cautious in the near term. While they acknowledge:
- strong business traction,
- surging retail participation, and
- robust client onboarding, with close to one lakh demat accounts added daily across platforms.
However, they believe valuations have moved ahead of fundamentals.
With market expectations already factoring earnings projections as far as FY28, analysts prefer to stay conservative and indicate that the stock’s current valuation already reflects most of the known optimism.
Groww’s listing and IPO subscription details
Groww listed recently at a 12% premium to its issue price and ended debut day with gains of about 30%.
Groww IPO was subscribed 17.6 times with strong response across investor categories
Subscription details were as follows:
- Institutional investors: 22x
- Non-institutional investors: 14x
- Retail investors: 9x
Where the Stock Trades Now
As of late afternoon, trade on Tuesday, shares of Billionbrains Garage Ventures were down 3.19% at ₹146.81. Shares hit an intraday low of ₹144.2
Near-term sentiment is expected to be influenced by how the market digests post-lock-in supply, and valuation comfort.
