Groww shares in focus as Peak XV, Sequoia Capital, others set to offload stake worth Rs 4,750 crore

Synopsis

Existing investors in Billionbrains Garage Ventures, parent of Groww, plan to sell shares worth Rs 4,750 crore through secondary market transactions. The deal, involving Peak XV, Ribbit and Sequoia-backed entities, is priced at an 8.5% discount to the prevailing market price and may keep the stock in focus during Tuesday’s trading session.

Shares of Billionbrains Garage Ventures, the parent of Groww, are set to be in focus heading into Tuesday's trade, as existing investors will sell shares worth Rs 4,750 crore through a secondary transaction, according to a deal term sheet.

Investors, including Peak XV, Sequoia Capital, Ribbit and YC Holdings, are expected to offload up to 26.84 crore shares in the company. The floor price for the deal has been fixed at Rs 177 per share, indicating a discount of 8.5% to Billionbrains Garage Ventures's current market price of Rs 193.70 on the BSE.

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.

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.

Sensex, Nifty today: Catch all the LIVE stock market action here

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

...moreless

...moreless