While the expiry of the lock-in does not necessarily translate into immediate selling pressure, it often remains a key trigger for investors tracking supply overhang. Four of the six companies are currently trading below their issue price.
1 / 8As many as six companies will see shares worth over ₹63,553 crore free up for trade, as their respective shareholder lock-in period ends this week. out of these six companies are already trading below their issue price.
2 / 8It must be noted that the end of the shareholder lock-in does not mean that all these shares will be sold in the open market. They only become eligible to be traded. Here’s a look at that list.
3 / 8Deepak Builders & Engineers | Deepak Builders & Engineers will see 9.3 million shares or 20% of its outstanding equity become eligible to trade with its lock-in period ending on Monday, May 4, as per Nuvama Alternative & Quantitative Research. The value of those shares, based on Thursday’s closing price, is worth ₹79.45 crore. The stock trades 58% below its issue price of ₹203.
4 / 8Afcons Infrastructure | Another stock trading below its issue price whose lock-in ends on May 4, is Afcons Infrastructure. Shares worth ₹2,486.94 crore will become eligible for trading as 73.6 million shares or 20% of its outstanding frees up. The stock currently trades 27% below its issue price of ₹463 per share.
5 / 8Studds Accessories | Shares worth nearly ₹1,175.40 crore will free up for trade on My 7 as 23.7 million shares or 60% of its outstanding equity becomes eligible to trade. The stock is down 15% from its issue price of ₹585 per share.
6 / 8Orkla India | The company will see 86.7 million shares or 63% of its outstanding equity become eligible to trade with its lock-in period ending on May 8, as per Nuvama Alternative & Quantitative Research. The value of those shares, based on Thursday’s closing price, is worth ₹5,540.13 crore. The stock trades 12% below its issue price of ₹730.
7 / 8Lenskart Solutions | Among the highest out of the total value of shares getting freed up for trade next week belong to Lenskart. Shares worth over ₹54,150.58 crore will free up for trade from May 8, as 1,047.4 million shares or 60% of its outstanding becomes eligible to trade. The stock is currently trading 29% above its IPO price of ₹402.
8 / 8Emmvee Photovoltaic Power | Another stock trading below its issue price whose lock-in ends on May 8, is Emmvee Photovoltaic. Shares worth ₹120.75 crore will become eligible for trading as 4.6 million shares or 1% of its outstanding frees up. The stock currently trades 21% above its issue price of ₹217 per share.
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