Key Points
An analysis by Nuvama Professional Clients Group showed that a total of 66 companies are slated to see the lock-in period for pre-listing shareholders lifted between March 4 and June 29...
The value pertains to the total lock-up opening shares, but not all the shares may be sold, as a sizable portion of these shares are also held by promoters and group entities, Nuvama said..
For Capital Small Finance Bank, the lock-in period expires on March 14 for 1.7 million shares or 4% equity, and for Vibhor Steel Tubes, it expires on March 18, according to the Nuvama report...
For India Shelter Finance, DOMS Industries, Inox India, and Entero Healthcare Solutions, the 3-month lock-in period will expire on March 18..
On March 20, the lock-in period will expire for Motisons Jewelers and Muthoot Microfinance, while for Suraj Estate Developers, Happy Forgings, and Credo Brands, it expires on March 21..
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.
IREDA, Zaggle Prepaid, and Vibhor Steel Tubes among 66 companies to see IPO lock-in expire in four months
05, Mar, 24Data 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 the coming four months, amounting to a value of $21.1 billion.