$17.7 billion worth of shares to enter market in next 3 months as IPO lock-in expires for 66 cos
The value pertains to the total lock-up opening shares and it is important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and groups.
A total of 66 companies are slated to have their pre-listing shareholder lock-ins lifted between March and June which could unlock an amount worth $17.7 billion (Rs 1.47 lakh crore) according to estimates by Nuvama.The value pertains to the total lock-up opening shares and it is important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and groups.
The above data pertains to only those companies which have been listed up until March 25, 2024.
There are eight stocks with 1-month share lock-in viz. , Exicom Telesystems, Bharat Highways Invit, , J.G Chemicals, , Popular Vehicles & Services and . Their lock-in period will end between April 1 and April 18 in the pecking order. The largest chunk of shares will be available in the case of Bharat Highways Invit largest where 82.6 mn shares or 19% shares will get unlocked on April 5.
There are 22 companies where a 3-month investor lock-in period will expire. These include the likes of , , , Popular Vehicles & Services and . For Mukka, nearly 12 million shares will get unlocked for sale while for Jyoti 7 million shares will be available for sale, Nuvama note said. Nearly 11 million shares which accounts for 5% of the total outstanding shares will be released in case .
Nuvama also estimated opening of 5 & 6-month lock-in in over 50 companies including Honasa Conumer which operates Mamaearth brand, IREDA, , , , , , Gandhar Oil, , Manoj Vaibhav Gems, JSW Infra and Medi Assist Healthcare among others.
Some of the keenly watched stocks include IREDA where the lock-in period ends on May 30 and will likely unlock 1,478 million shares. For Tata Technologies 262 million shares will be unlocked on May 27 while for , 158 million shares will be available on sale.
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Source: Stocks-Markets-Economic Times
