When does Prostarm Info Systems' shareholder lock-in period end?

The shareholder lock-in period for Prostarm Info Systems Ltd. ends on Friday, December 5.

How many Prostarm Info Systems shares will be tradable after the lock-in?

As many as 3.11 crore shares, or 53% of the company's outstanding equity, will become eligible for trading.

What does Prostarm Info Systems manufacture?

Prostarm Info Systems is a leading manufacturer of energy storage and power conditioning equipment, including UPS systems and inverters.

Home / Business and Economy / Prostarm Shares Unlock: ₹560 Crore May Hit Market

Prostarm Shares Unlock: ₹560 Crore May Hit Market

5 Dec

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Summary

Prostarm's lock-in period ends, freeing 53% of shares.
Over 3.11 crore shares worth ₹560 crore become tradable.
The company manufactures energy storage and power conditioning equipment.

Prostarm Shares Unlock: ₹560 Crore May Hit Market

Shares of Prostarm Info Systems Ltd. are expected to be under close observation on Friday, December 5, with the conclusion of its six-month shareholder lock-in period. This event will allow a substantial portion of the company's equity to enter the market.

Approximately 3.11 crore shares, constituting 53% of Prostarm's outstanding equity and valued at nearly ₹560 crore based on recent prices, will become available for trading. While the lock-in expiry signifies eligibility for trading, it does not guarantee immediate sales of all these shares by shareholders.

Prostarm Info Systems, known for manufacturing equipment like UPS systems and inverters, debuted on the stock exchange in June. Although its stock had previously surged significantly, it experienced a recent decline in anticipation of the lock-in expiry. The company's stock closed at ₹180.5 on Thursday, reflecting a 3.5% decrease.