Pine Labs shares are in focus as the six-month lock-in period ends, freeing shares worth over Rs 17,372 crore for trading today. Since its market debut, the stock has been under pressure. The company is also expected to announce its January-March quarter earnings soon, adding to investor attention around potential near-term volatility.
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.
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Groww stock slid as much as 7% to an intraday low of ₹180.15 after reports said early investors could offload shares worth up to ₹4,750 crore via block deals. The move coincides with the expiry of its six-month post-IPO lock-in, freeing nearly 418.2 crore shares to trade. Despite the dip, the company recently posted sharp profit and revenue growth.
Groww’s early investors have begun selling shares immediately after the IPO lock-in period expired, triggering blockbuster gains for backers including Peak XV, Ribbit Capital, and Y Combinator. A sizable block deal saw millions of shares trade, reflecting how the fintech’s post-listing surge has rewarded first movers as lockups lifted.
Lenskart’s six-month IPO lock-in expired, prompting existing backers to sell shares worth at least ₹3,861.1 crore through multiple block deals. NSE data shows sales of at least 8.15 crore shares at ₹473.4 each. The deals were executed about 3.7% below the stock’s BSE closing price, even as the shares ended the day slightly higher.
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