Key Points
Premium Within the PSU sector, IREDA is set to witness the eligibility for trade of 1478 million shares or 147 crore, representing 55% of its total outstanding shares, on May 30th, as per the Nuvama..
The Indian primary market is witnessing an unprecedented surge in the number of companies going public, with strong subscription rates and solid listing gains..
Data compiled by brokerage firm Nuvama Professional Clients Group indicates that 66 companies spanning various sectors are scheduled to have their pre-listing shareholder lock-ins lifted in four months (March 04 -June 29), amounting to a value of $21.1 billion..
Likewise, Zaggle Prepaid's six-month lock-in period will conclude on March 25th, freeing up 60 million shares for trading, constituting 49% of the total outstanding shares..
A lock-in period in an Initial Public Offering (IPO) refers to a predetermined timeframe during which certain shareholders, often including the company, promoters, and pre-IPO investors, are restricted from selling their shares in the open market. ..
You might be interested in
September likely to witness a flood of locked-in shares
31, Aug, 23Ending of the lock-in period does not necessarily mean investors who received shares in the pre-IPO sale will offload their entire holdings. But, whether pre-IPO investors are selling or holding on will be of interest for traders as large blocks of selling tend to weigh down share prices in the near-term.
Shares worth $21 billion to enter market in 4 months as IPO lock-in period expires for 66 companies
05, Mar, 2466 companies are set to see the lock-in period for pre-listing shareholders lifted between March 4 and June 29. This amounts to $21.1 billion in value terms. The value pertains to the total lock-up opening shares, but not all the shares may be sold, as a sizable portion is also held by promoters and group entities