As many as 108 recently-listed companies will likely have their pre-listing shareholder lock-ins released, with a total value of $24 billion, according to Nuvama Alternative & Quantitative Research. This means that shares worth $24 billion will become eligible for trading in the next three months.
“The value pertains to the total lock-up opening shares, but not all of these shares will come for sale as a sizable portion of these shares are also held by the company’s promoters and the group itself,” said the brokerage.
The upcoming unlocks include various sectors, indicating a busy phase for IPO lock-in expirations. Several firms will have their shareholder lock-ins released within the one-month, three-month, and six-month periods. Stocks such as Vidya Wires, Meesho, Canara HSBC Life Insurance, WeWork India, Lenskart Solutions, LG Electronics, NSDL, JSW Cement, among many others in the mainboard segment will see their lock-in periods expire.
One-month lock-in expiry
According to Nuvama, one-month lock-in releases begin on Dec. 18. Fujiyama Power Systems will see the release of five million shares, or 2% of outstanding equity. Further, Capillary Technologies will unlock three million shares on Dec. 19, followed by Excelsoft Tech with six million shares on Dec. 24 and Sudeep Pharma with two million shares on Dec. 26.
In January, Aequs and Meesho will each unlock shares on Jan. 7, with 17 million shares, or 2%, and 110 million shares, or 2%, respectively. Vidya Wires will release four million shares on the same day.
. Read more on IPOs by NDTV Profit.