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Groww Lock-In Ends and Backers Dump Shares Worth 5326 Crore in One Day

Business
Published on 12 May 2026
Groww Lock-In Ends and Backers Dump Shares Worth 5326 Crore in One Day

A 418 crore-share unlock triggers massive open-market selling

Groww’s six-month IPO lock-in expired, and investors sold shares worth ₹5,325.8 crore through multiple open-market transactions. Peak XV Partners, Ribbit Capital and Y Combinator together offloaded 29.52 crore shares at an average ₹180.43, with block deals nearly 1.5% below BSE’s ₹183.1 close. It remains unclear who bought the flood of stock eligible to trade after the unlock.

  • Investors sold Groww shares worth ₹5,325.8 crore after lock-in expiry
  • Peak XV, Ribbit Capital and Y Combinator together sold 29.52 crore shares
  • Deals were executed at nearly a 1.5% discount to the BSE closing price
  • 418.2 crore shares became eligible for trading, yet buyers were not disclosed
Read the full story at Inc42

This summarization was done by Beige for a story published on Inc42Inc42

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