235 crore shares worth $14 billion will see lock-ins end till January 31, 2025 – CNBC TV18

235 crore shares worth  billion will see lock-ins end till January 31, 2025 – CNBC TV18

[ad_1]

As many as 235 crore shares of 50 companies are slated to have their pre-listing shareholder lock-in period lifted between November 28 and January 31, 2025, according to a note from Nuvama Alternative & Quantitative Research.

The value of these shares, which will have their lock-in period being lifted are valued at $13.9 billion.

However, one must know that the end of the lock-in period does not mean that all of those shares will be sold in the market. They will only become eligible to trade and selling them or not is subjective.

The list includes lock-in periods starting from one month to as long as 1.5 years and beyond.

Out of the 235 crore shares, over 18 crore shares belong only to one company – NTPC Green Energy, whose one-month lock-in period will end on December 26 this year. The 18.3 crore shares amount to 2% of the total outstanding equity.

Shares of recently listed company NTPC Green Energy Ltd., the renewable energy arm of NTPC Ltd., has risen 22% from the IPO price of ₹108.

Among the other new listings, Swiggy, Afcons Infrastructure, and Zinka Logistics will have their one-month lock-in period lift till December 20.

Stock Date Shares (Million) % Outstanding
Afcons Infrastructure Dec 2 18 5%
Swiggy Dec 11 65 3%
Zinka Logistics Dec 20 9 5%

Three-Month Lock-In

Just as the new listings mentioned above have their one-month lock-in over the next three weeks, they will also have their three-month lock-in period sometime between November and January.

Swiggy will have its three-month lock-in lifted on January 29 and January 31, which will see nearly 7 crore equity shares become eligible for trade.

Shares of Swiggy Ltd. have jumped as much as 32% since its listing on November 13. The stock had hit a record high of 517 on November 28. The stock has rise in four out of the last 10 trading sessions.

Among other stocks whose three-month lock-in period would be lifted includes the likes of Premier Energies, Bajaj Housing Finance, Hyundai Motor India, and Waaree Energies.

Stock Date Shares (Mn) % Outstanding
Premier Energies Nov 28 9 2%
Bajaj Housing Finance Dec 12 126 2%
Hyundai Motor India Jan 17 21 3%
Waaree Energies Jan 22 4 1%
Swiggy Jan 29, 31 68 3%

5 & 6-Month Lock-In

A large list of companies will see their five and six month lock-in period end over the next two months.

Among these companies, Le Travenues Technology will see 73% of its outstanding shares become eligible for trade from December 16. Around eight companies in this list will see around 50% to 70% of their outstanding shares become eligible for trading.

Besides, Emcure Pharma will see 70% of their outstanding shares become eligible for trade on January 9, while Allied Blenders and Awfis Space will also see 61% and 56% of their outstanding shares become eligible for trading.

Stock Date Total Shares % Outstanding
Awfis Space Solutions November 29, 2024 39 Million 56%
Kronox Lab Sciences December 10, 2024 20 Million 53%
Le Travenues Technology December 16, 2024 284 Million 73%
DEE Development Engineers December 24, 2024 34 Million 50%
Stanley Lifestyles December 30, 2024 2 Million 3%
Akme Fintrade December 31, 2024 23 Million 54%
Allied Blenders and Distillers January 2, 2025 170 Million 61%
Vraj Iron and Steel January 6, 2025
Bansal Wire Industries January 9, 2025 96 Million 61%
Emcure Pharmaceuticals January 9, 2025 132 Million 70%
Sanstar Limited January 27, 2025 50 Million 27%

One-Year Share Lock-In Opening:

Six companies, starting with Flair Writing, whose lock-in period opened up as early as Thursday, are a part of this list.

Stock Lock-In Period Ending No. Of Shares (Mn) % Of Outstanding
Flair Writing Inds November 28 33 31%
Flair Writing Inds November 30 21 20%
DOMS Industries December 19 27 45%
Happy Forging December 26 55 59%
Azad Engineering December 30 27 45%
Epack Durables January 27 11 12%

Lastly, Cyient DLM, ideaForge Technology, Senco Gold, Netweb Tech, among others will see its 1.5-year lock-in period ending soon.

[ad_2]

Source link

Back To Top
Translate »