Synopsis
The pledges, created on March 13, cover a total of 1.88 crore shares. At that day's closing price of Rs 161.2, the shares were valued at approximately Rs 302.3 crore.The pledges, created on March 13, cover a total of 1.88 crore shares. At that day's closing price of Rs 161.2, the shares were valued at approximately Rs 302.3 crore.
In the filings, the entities cited personal reasons for the move.
The fintech major had made a strong debut in November, rising 24% above its IPO price to Rs 124 on the NSE, giving the company a market capitalisation of Rs 76,169.84 crore. The stock now trades around Rs 165 (as of 1 PM on Tuesday), while its market cap has crossed Rs 1 lakh crore.
CEO Lalit Keshre had told ET in February that the company was stepping up its focus on wealth management and lending to cut dependence on its core broking business.
“We get around 6% of our overall revenues from lending right now; roughly, annually, we are making around Rs 232 crore,” Keshre had said.
For the December quarter, Groww reported operating revenue of Rs 1,216 crore and a net profit of Rs 547 crore. As of December 2025, the platform had around 1.2 crore active investors.
