Groww shares decline 4.65% amid block deal buzz; here is what is known so far

Shares of Billionbrains Garage Ventures, the parent company of wealth management and online trading platform Groww, declined as much as 4.65% to ₹188.40 apiece on the NSE on Wednesday, September 16. The stock was in the red amid news reports that 10.41 crore shares, or 1.69% of the company's equity, worth ₹1,999 crore, changed hands at ₹192 apiece through block deals.

The base offer size was up to 1.6% of the company's existing total shares outstanding (TSO), worth ₹1,918 crore. The floor price for the transaction was set at ₹191.45 apiece, the report added.

There would be a 30-day lock-in period on any further stake sale following the transaction.

According to the report, at the end of the June quarter, promoter entities held a 27.14% stake in the company, while public shareholders held 71.75% and shares held by the Employee Trust accounted for 1.11%.

Among public shareholders, Peak XV Partners Investments VI-1 held a 15.68% stake in Groww, while Sequoia Capital Global Growth Fund III - US/India Annex Fund, LP held a 1.46% stake.

Recent updates

In August 2026, startup accelerator Y Combinator divested nearly a 1.2% stake in the company for ₹1,435 crore through an open market transaction.

US-based Y Combinator, through its affiliate YC Holdings II, LLC, sold a total of 7,46,87,500 shares, representing a 1.19% stake in Bengaluru-based Groww, as per the bulk deal data on the BSE.

The shares were offloaded at an average price of ₹192.16 apiece, taking the transaction size to ₹1,435.19 crore.

After the latest transaction, YC Holdings II LLC's shareholding in the stock broking firm declined to 7.44% from 8.63%.

In May, Y Combinator sold a 1.45% stake in Billionbrains Garage Ventures for ₹1,642 crore through an open market transaction.

Q1 FY27 earnings

Groww reported a 94.3% year-on-year (YoY) increase in consolidated profit after tax (PAT) to ₹735.04 crore for the quarter ended June 30, 2026 (Q1 FY27).

Bengaluru-headquartered company had earned a PAT of ₹378.35 crore in the corresponding period last year.

The company's revenue from operations rose 66% to ₹1,501.42 crore during the April-June quarter of FY27 from ₹904.40 crore a year earlier, according to a stock exchange filing.

On a sequential basis, revenue from operations remained largely flat at ₹1,501.42 crore, compared with ₹1,505.37 crore in the January-March quarter of FY26. PAT, however, increased from ₹686.36 crore in the preceding quarter.

Total expenses increased to ₹555.68 crore from ₹444.67 crore in the year-ago period.