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Lock-in Ends: ₹3000 Cr Shares Hit Market This Week
12 Oct
Summary
- 14 companies' lock-in periods expire this week.
- Nearly ₹3,000 crore worth of shares become tradable.
- Ten of these firms currently trade above their issue prices.
Shareholder lock-in periods for 14 companies on Dalal Street are set to expire this week, potentially releasing equity valued at nearly ₹3,000 crore. This influx of shares, worth ₹2,931 crore based on last Friday's closing prices, will become eligible for trading. Most of these companies recently had their listings within the past three months.
Six companies will see their lock-ins end on Monday, October 12, with shares worth ₹779.5 crore becoming available. Another six will follow on Thursday, October 15, with shares valued at over ₹900 crore. Two additional companies, including SBI Funds Management with ₹1,160 crore worth of shares, will see their lock-ins expire on Friday, October 16.
It is important to note that the end of a lock-in period only makes shares eligible for trading and does not guarantee immediate sales. Interestingly, ten of the 14 companies are currently trading above their issue prices. SBI Funds Management, Veegaland Developers, LCC Projects, and Pranav Constructions are among the four trading marginally below their issue prices as of last Friday.
