Investor Alert: Groww Short Sellers Feared Trapped
– Over 30.08 lakh shares entered the auction market as short sellers face delivery issues due to tight supply and a sharp price surge since listing.
– Groww’s free float is only 7%, exacerbating risks for short-selling attempts.
– At its peak, Groww’s stock rose nearly 89% above IPO and over 60% above the listing price.
– The auction session aims to recover missing shares at a premium, impacting defaulting sellers.
– Analysts caution that such conditions could lead to significant losses for short sellers.