Block deal alert! Ribbit Capital to likely offload 1.6% stake in Groww for Rs 1,914 crore
Groww may see a ₹1,914 crore block deal as investor Ribbit Capital reportedly plans to sell around 1.6% stake at ₹195 per share. Groww shares rose 3.33% Tuesday, while strong Q1FY27 earnings showed robust profit and revenue growth.
By Kumar Gaurav, ETMarkets.com | Updated:
Agencies
Ribbit Capital may sell a 1.6% Groww stake worth ₹1,914 crore at a discount, even as the platform reports strong Q1FY27 earnings growth.
Billionbrains Garage Ventures (Groww) is likely to see a large block deal on Wednesday, August 26, with existing investor Ribbit Capital likely to sell around a 1.6% stake in the online investment platform, according to media reports.
Shares of Groww ended Tuesday's session 3.33% higher at Rs 203.01, compared with the previous close of Rs 196.47. The stock traded in a range of Rs 196.11-Rs 205.21 during the day.
The proposed transaction is estimated at Rs 1,914 crore, with the floor price set at Rs 195 per share, representing a 4% discount to Tuesday's closing price of Rs 203.01 on the NSE, the reports said.
As per 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. owned 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.
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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 be subject to a 30-day lock-in for any further sale of shares.
Groww made its stock market debut in November 2025 after raising ₹6,632 crore through its initial public offering (IPO). The stock listed at ₹112 on the NSE, a 12% premium to its issue price of ₹100. The counter currently trades 103% above its IPO issue price.
For the June quarter (Q1FY27), Groww reported a 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. On a sequential basis, net profit increased 7% from Rs 686 crore. EBITDA rose 101% year-on-year to Rs 971 crore from Rs 483 crore and was up 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, 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 Economic Times)
Shares of Groww ended Tuesday's session 3.33% higher at Rs 203.01, compared with the previous close of Rs 196.47. The stock traded in a range of Rs 196.11-Rs 205.21 during the day.
The proposed transaction is estimated at Rs 1,914 crore, with the floor price set at Rs 195 per share, representing a 4% discount to Tuesday's closing price of Rs 203.01 on the NSE, the reports said.
As per 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. owned 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.
ALSO READ: Strong Returns! IPO market heats up with 25% average listing gains in two months
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 be subject to a 30-day lock-in for any further sale of shares.
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Groww made its stock market debut in November 2025 after raising ₹6,632 crore through its initial public offering (IPO). The stock listed at ₹112 on the NSE, a 12% premium to its issue price of ₹100. The counter currently trades 103% above its IPO issue price.
For the June quarter (Q1FY27), Groww reported a 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. On a sequential basis, net profit increased 7% from Rs 686 crore. EBITDA rose 101% year-on-year to Rs 971 crore from Rs 483 crore and was up 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, 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 Economic Times)
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