WeWork India Ltd., Tata Capital Ltd., BMW Ventures Ltd., Bajaj Housing Finance Ltd., and Advance Agrolife Ltd., are the five companies who will see their shareholder lock-ins end on Monday, April 13. Barring Bajaj Housing Finance and Tata Capital, and Advance Agrolife the other two companies are trading well below their issue price. Even Bajaj Housing, Advance Agrolife and Tata Capital are trading just around their respective issue price.
1 / 7WeWork India Ltd., Tata Capital Ltd., BMW Ventures Ltd., Bajaj Housing Finance Ltd., and Advance Agrolife Ltd., are the five companies who will see their shareholder lock-ins end on Monday, April 13. Barring Bajaj Housing Finance and Tata Capital, and Advance Agrolife the other two companies are trading well below their issue price. Even Bajaj Housing, Advance Agrolife and Tata Capital are trading just around their respective issue price.
2 / 7Based on the respective closing price on Friday, the total value of the shares that become eligible to be traded is worth ₹1.15 lakh crore. It must be noted that the end of the shareholder lock-in does not mean all the shares will be sold in the open market. They only become eligible to be traded. Here’s a look at the five companies in greater detail:
3 / 7WeWork India | The real estate player will see its six-month shareholder lock-in period end on Monday. According to Nuvama Alternative and Quantitative Research, as many as 59.9 million shares, or 45% of the company’s outstanding equity will free up for trade as the lock-in period ends. Based on Friday’s closing price, those shares are valued at ₹2,814 crore. The stock currently trades 26% below its issue price of ₹648 apiece.
4 / 7Tata Capital | The most recent listing of the Tata Group will also see its six-month lock-in period end on Monday. According to Nuvama Alternative’s note, as many as 2,858.4 million shares, or 67% of Tata Capital’s outstanding equity will free up for trade today. Based on Friday’s closing price, the total value of the shares that become eligible to be traded is worth ₹93,755 crore. The stock just about managed to close above its IPO price of ₹326 per share on Friday.
5 / 7BMW Ventures | The company will see as many as 45.8 million shares, or 53% of its outstanding equity become eligible to be traded once its shareholder lock-in ends on Monday. Based on Friday’s closing price, the total value of shares that free up for trade is worth ₹265 crore. The stock is trading 41% below its issue price of ₹99 per share.
6 / 7Bajaj Housing Finance | The subsidiary of Bajaj Finance will see 25% of its outstanding equity become eligible for trading on Monday. As many as 2,100 million shares will become eligible to be traded. After having tested a new low of ₹72.65, which is very close to its issue price of ₹70 apiece, the stock has seen a rebound last week. Based on Friday’s closing, the total value of shares that free up for trade is worth ₹17,976 crore. The stock is down over 50% from its post-listing high of ₹188.5.
7 / 7Advance Agrolife | According to Nuvama Alternative & Quantitative Research, the company will see 50% of its outstanding equity or 32.1 million shares become eligible for trading today. Courtesy of Friday’s surge, the stock managed to close above its issue price of ₹100 per share. The value of the shares that become eligible to be traded is worth ₹343 crore.
