Mumbai, Dec 10 – Shares of Billionbrains Garage Ventures, the parent company behind the popular brokerage app Groww, fell about 5 % during Wednesday’s trading, hitting an intra‑day low of ₹142 on the NSE.
The slide came after the one‑month lock‑in period for pre‑IPO investors ended, which left roughly 1.492 billion shares (nearly 2 % of the company’s total equity) available for sale.
Those shares were held by investors who had bought in before the company’s October 2025 listing. Lock‑in periods in IPOs bar certain shareholders—typically promoters or early investors—from selling for a set time, a measure intended to help keep the stock price stable in the first days of trading and boost confidence among new investors.
When the lock‑in expires, the restricted shares can enter the market, increasing liquidity but also raising the risk of a price dip if a surge of holders decide to sell right away.
Groww’s parent had a very successful listing on Oct 12, debuting at ₹131.3 per share – a 31 % premium over the ₹100 IPO price. Within five sessions the share price climbed to ₹193.80, making it one of 2025’s top‑performing mainboard IPOs.
The company raised ₹6,632 crore during the IPO, which ran from Nov 4 to Nov 7. The public issue saw strong demand, being subscribed more than 17 times, largely driven by institutional investors.
At around 3:15 p.m., the shares were trading at ₹145.84, down ₹3.61 or 2.42 % on the NSE. Over the last five days, the stock has delivered a negative return of ₹3.40 or 2.27 %.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
