Groww shares slide for 2nd day: Stock tumbles up to 9%, falling 20% from record high levels; Q2 earnings in focus

In the opening deals, shares of the company tumbled as much as 8.99% to hit the low of ₹154.60 on the NSE.

This reflects a decline of 20% from its record high of ₹193.80 touched on Tuesday, November 18.

Groww debuted on the stock exchanges NSE and BSE on November 12, 2025.

On Monday, November 17, the stock climbed 20% to ₹178.23 per unit, its upper-circuit level, on the National Stock Exchange (NSE).

The company's market valuation crossed the coveted ₹1 lakh crore mark.

On Tuesday, November 18, the stock jumped another 11% to hit a high of ₹193.80 on the NSE. This translated to a whopping 94% jump from the IPO issue price of ₹100.

However, the stock cooled off later in Tuesday's session, and then from Wednesday onwards, the stock has been in a free fall.

The sharp fall in the stock price could be attributed to profit booking as the stock zoomed significantly post-listing.

Further, market participants eagerly await the company's September quarter results, due on November 21, Friday, for fresh triggers.

Groww Q2 Results schedule

On Tuesday, the company, in its regulatory filing, said that the company will hold an earnings conference call on Friday, November 21, 2025, at 04:00 p.m. (IST) to discuss the unaudited financial results.

On Monday, the company already said that a meeting of the Board of Directors of the company is scheduled to be held on Friday, November 21, 2025, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the company for the quarter and half year ended September 30, 2025.

The IPO, which had a price range of ₹95 to ₹100 per share, comprised new equity shares worth ₹1,060 crore as well as an offer-for-sale (OFS) component of ₹5,572.30 crore. The fresh issue proceeds, the company had said, will be used to invest in technology development and business expansion.

Under the OFS, YC Holdings II, Peak XV Partners Investments VI-1, Internet Fund VI Pte Ltd, Sequoia Capital Global Growth Fund III, Ribbit Capital V, Propel Venture Partners Global US, GW-E Ribbit Opportunity V, Kauffman Fellows Fund, Alkeon Innovation Master Fund II and Alkeon Innovation Master Fund II Private Series sold their shares.

The initial share sale was subscribed 17.60 times during the three-day bidding period.