Based on the respective closing price on Tuesday, the total value of the shares that become eligible to be traded is worth ₹21,356.18 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 four companies in greater detail:
1 / 6Pine Labs, Niva Bupa Health Insurance Company, Fractal Analytics, and Aye Finance are the four companies who will see their shareholder lock-ins end on Wednesday, May 13. Barring Pine Labs, the other three companies are trading above their issue price.
2 / 6Based on the respective closing price on Tuesday, the total value of the shares that become eligible to be traded is worth ₹21,356.18 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 four companies in greater detail:
3 / 6Pine Labs | The fintech player will see its six-month shareholder lock-in period end on Wednesday. According to Nuvama Alternative and Quantitative Research, as many as 923.6 million shares, or 80% of the company’s outstanding equity will free up for trade as the lock-in period ends. Based on Tuesday’s closing price, those shares are valued at ₹17,346 crore. The stock currently trades 15% below its issue price of ₹221 apiece.
4 / 6Niva Bupa Health Insurance | The company will also see its period end today. According to Nuvama Alternative’s note, as many as 365.8 million shares, or 20% of Niva Bupa’s outstanding equity will free up for trade today. Based on yesterday’s closing price, the total value of the shares that become eligible to be traded is worth ₹3,056 crore. The stock has gained 13% from its IPO price of ₹74 per share.
5 / 6Fractal Analytics | The company will see as many as 6.9 million shares, or 4% of its outstanding equity become eligible to be traded once its three-month shareholder lock-in ends on Wednesday. Based on Tuesday’s closing price, the total value of shares that free up for trade is worth ₹714 crore. The stock is trading 15% above its issue price of ₹900 per share.
6 / 6Aye Finance | The company will see 7% of its outstanding equity become eligible for trading on Wednesday. As many as 17.6 million shares will become eligible to be traded after its three-month lock-in ends today. Based on Tuesday’s closing, the total value of shares that free up for trade is worth ₹239 crore. The stock is up over 5% from its issue price of ₹129.
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
