Synopsis: April 7, 2026 marks the end of the six-month post-IPO lock-in for pre-IPO shareholders in both Pace Digitek and Glottis, collectively releasing nearly 2.88 crore shares into the open market with the former carrying meaningfully more supply-side risk given its 13% equity overhang.
Two October 2025 IPO listings are in focus today as the SEBI-mandated six-month lock-in expires for a portion of pre-IPO shareholders in both companies. The unlocking does not guarantee selling pressure, but it widens the potential supply at the margin enough to draw attention from traders and institutional desks watching for block deal activity.
Pace Digitek Lock-In Details
With a market capitalization of Rs. 3,090.99 crore, the shares of Pace Digitek were last trading at Rs. 143.20 per share, down 5.63 percent from its previous closing price of Rs. 151.74 apiece. It is trading at a P/E of 12.3.
The unlock involves 2.8 crore shares, equivalent to roughly 13 percent of the company’s total outstanding equity. At last available prices, that translates to approx Rs. 530 crore worth of stock becoming eligible for sale in a single session.
Pace Digitek listed on October 6, 2025, and the shares in question belong to pre-IPO investors outside the promoter group, who were required under SEBI norms to hold for at least six months post-listing.
The 13 percent float addition is not trivial. Whether it triggers actual selling depends on how these investors price their exit against the company’s current order book visibility.The company secured a Rs. 158.7 crore order from Reliance Industries in March 2026, adding to its telecom infrastructure pipeline, and that kind of order momentum could incentivise holders to wait rather than exit at current prices.
That said, the stock’s 52-week range of Rs. 183 to Rs. 232 suggests it has spent time near the lower end recently, which may compress the patience of investors sitting on thinner paper gains.
Two financial flags worth noting for context: debtor days stood at 276 as of FY25, and operating cash flow for the year was negative Rs. 176 crore despite a net profit of Rs. 279 crore. Both figures suggest working capital absorption is outpacing earnings translation.
Glottis Lock-In Details
With a market capitalization of Rs. 422.28 crore, the shares of Glottis were last trading at Rs. 45.70 per share, up 3.63 percent from its previous closing price of Rs. 44.1 apiece. It is trading at a P/E of 11.1.
The unlock here is substantially smaller: 8 lakh shares representing 0.9 percent of total equity. At last available prices, this is roughly Rs. 4 crore worth of stock, a figure that is unlikely to move the needle on price, though it modestly improves daily tradable liquidity in what is a relatively thinly traded name. Glottis listed on October 7, 2025.
The more relevant near-term variable for Glottis is its earnings trajectory. Net profit fell to Rs. 2.70 crore in December 2025 from Rs. 12.36 crore in September 2025, a steep sequential decline that points to margin compression in its logistics business.
Operating profit margin dropped to 2.77 percent in the December quarter from 8.44 percent the previous quarter, on sales of Rs. 143.87 crore. For a stock already trading near its 52-week low of Rs. 48.2, the unlock is a secondary concern; earnings recovery is the more pressing question.
Business Overviews
Pace Digitek Limited, incorporated in 2007, provides end-to-end telecom infrastructure and energy solutions across telecom towers, optical fibre, and DC power systems. For FY25, it reported consolidated revenue of Rs. 2,439 crore and net profit of Rs. 279 crore.
Glottis Limited, incorporated in 2004, is a multi-modal logistics solutions provider offering freight forwarding, customs clearance, and 3PL services. For FY25, it reported revenue of Rs. 941 crore and net profit of Rs. 56 crore.
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