Shares of Billionbrains Garage Ventures, the parent of Groww, tanked as much as 7% to their day's low of Rs 180 on the BSE on Tuesday, as existing investors sold shares worth Rs 5,637 crore through a secondary transaction.
Investors offloaded 30.91 crore or 5.01% equity shares in the company. The floor price for the deal has been fixed at Rs 182.3 per share, indicating a discount of 6% from current market levels. Reports claimed that Peak XV, Sequoia Capital, Ribbit and YC Holdings were looking to offload their stake in the company.
The share sale will be carried out through one or more transactions on the screen-based trading platforms of Indian stock exchanges. Such deals are typically executed as block trades or large institutional placements through the exchange mechanism.
Among the selling shareholders, Peak XV Partners Investments VI-1 remains the largest investor, holding over 105 crore shares or a 16.88% stake in the brokerage platform. YC Holdings II, LLC owns more than 63.24 crore shares, translating into a 10.08% stake in the company.
Ribbit Capital V L.P. held over 43.31 crore equity shares, representing a 6.90% holding as of March 31, 2026. Sequoia Capital Global Growth Fund III - U.S./India Annex Fund, L.P. owned more than 9.85 crore shares, accounting for a 1.57% stake.
As part of the deal structure, the selling shareholders will be subject to a 90-day lock-up period after the transaction, restricting them from selling additional shares during this period.
The stake sale comes alongside the expiry of the company’s IPO lock-in period. Nearly 418.2 crore shares of Groww-parent Billionbrains Garage Ventures, valued at around $9.4 billion, have become eligible for trading staring today.
Founded in 2016, the Bengaluru-based discount brokerage provides services across equities, IPO investments and direct mutual funds. Groww operates under Groww Invest Tech Pvt Ltd, which is registered with SEBI as a stockbroker and is a member of both NSE and BSE.
At the current market price, the stock is trading nearly 94% above its IPO price of Rs 100. Groww had launched its public issue in November and debuted on the stock exchanges on November 12, 2025.
The company’s IPO was a Rs 6,632.30 crore book-building issue comprising a fresh issue of 10.60 crore shares worth Rs 1,060 crore and an offer for sale of 55.72 crore shares aggregating to Rs 5,572.30 crore.
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