Groww shares in focus as Ribbit likely sells stake through Rs 1,914 crore block deal
The shares are being offered at a floor price of Rs 195 apiece (4% discount to the previous close), according to the terms of the deal. The floor price represents the minimum price at which Ribbit Capital is offering the shares to investors.
Also read: Tech, AI, wealth management will be immediate priorities for Groww: CEO Lalit Keshre
The transaction will allow Ribbit Capital to partially monetise its investment in Groww while retaining its remaining stake in the company. Under the terms of the deal, Ribbit Capital will also be subject to a 30-day lock-up period after the transaction, preventing it from selling additional shares in Billionbrains Garage Ventures during that period.
Such lock-up provisions are typically part of large block transactions and are intended to give buyers some assurance that the seller will not immediately return to the market with another large tranche of shares.
Groww Ribbit shareholding pattern
According to the shareholding pattern for the quarter ended June 30, 2026, available on the NSE, Ribbit Capital V L.P. held 35.38 crore equity shares, or 5.64%, in Groww, while Ribbit Cayman GW Holdings V, Ltd. held 27.97 crore shares, representing a 4.46% stake. Together, the two entities held a 10.10% stake in the company at the end of the June quarter.
Ribbit Capital V L.P., Ribbit Cayman GW Holdings V, Ltd., and GW-E Ribbit Opportunity V, LLC, collectively referred to as Ribbit, are part of the global investment firm focused on backing early-stage companies. Following the transaction, Ribbit Capital is also expected to remain subject to a 30-day lock-in for any further sale of shares.Read more: FIIs and mutual funds increase stakes in Groww. Should you buy, sell, or hold?
Groww made its stock market debut in November 2025 after raising Rs 6,632 crore through its initial public offering (IPO). The stock listed at Rs 112 on the NSE, a 12% premium to its issue price of Rs 100. The counter currently trades 103% above its IPO issue price.
Groww Q1 results
For the June quarter (Q1FY27), Groww reported consolidated net profit attributable to shareholders of Rs 735 crore, up 94.44% year-on-year from Rs 378 crore. Revenue from operations rose 66% to Rs 1,501 crore from Rs 904 crore in the corresponding quarter of the previous financial year.
Sequentially, net profit increased 7% from Rs 686 crore. EBITDA rose 101% year-on-year to Rs 971 crore from Rs 483 crore and increased 3% sequentially from Rs 939 crore, according to the company’s investor presentation.
The company said it strengthened its market leadership across key segments during the June quarter by adding 115,000 net clients. This was supported by higher customer retention and improved product quality despite an industry-wide slowdown.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
