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According to a list from Nuvama Alternative and Quantitative Research, the companies include recent listings like Bajaj Housing Finance, Ola Electric Mobility, Bharti Hexacom, among others.
The list includes lock-in periods starting from one month to as long as 1.5 years and beyond.
This will release shares valued at $18.8 billion into the market between October 8, 2024, and December 31, 2024.
However, it needs to be specified that end of the lock-in period means those shares will only get eligible for trading and does not necessarily mean they would be sold in the market.
Here’s a look at the list of those 43 companies and further granular details:
One-Month Lock-In Opening:
Starting today, October 8, the one-month lock-in period of Bajaj Housing Finance opens. This will open up 12.6 crore shares or 2% of the total equity eligible for being traded. Other such companies with a one-month lock-in period include Western Carriers, Shree Tirupati Balajee, PN Gadgil Jewellers, Arkade Developers, and others.
With an IPO price of Rs 70, Bajaj Housing Finance shares went up to as high as Rs 188.50 before entering a correction phase. They ended Monday’s session 10% lower at Rs 135.54.
Stock | Lock-In Period Ends | Number Of Shares | Outstanding Shares |
Shree Tirupati Balajee | October 10 | 30 Lakh | 4% |
Bajaj Housing Finance | October 14 | 12.6 crore | 2% |
PN Gadgil Jewellers | October 14 | 30 Lakh | 3% |
Arkade Developers | October 21 | 50 Lakh | 3% |
Manba Finance | October 28 | 20 Lakh | 4% |
Diffusion Engineers | November 4 | 10 Lakh | 4% |
Tolins Tyres | October 14 | 20 Lakh | 4% |
Kross | October 14 | 30 Lakh | 5% |
Western Carriers | October 21 | 40 Lakh | 4% |
Northern Arc Capital | October 21 | 10 Lakh | 0.4% |
KRN Heat Exchanger | October 31 | 20 Lakh | 4% |
Three-Month Lock-In Opening:
Sanstar: Lock-in opens on Oct 22, with 80 lakh shares, 4% of total outstanding shares.
Akums Drugs and Pharma: Lock-in opens on Oct 31, with 60 lakh shares, 4% of total outstanding shares.
Ceigall India: Lock-in opens on Nov 4, with 50 lakh shares, 3% of total outstanding shares.
Ola Electric Mobility: Lock-in opens on Nov 5, with 18.2 crore shares, 4% of total outstanding shares.
Unicommerce Esolutions: Lock-in opens on Nov 7, with 60 lakh shares, 6% of total outstanding shares.
Brainbees: Lock-in opens on Nov 11, with 2 crore shares, 4% of total outstanding shares.
Interarch Building Products: Lock-in opens on Nov 20, with 10 lakh shares, 6% of total outstanding shares.
Orient Technologies: Lock-in opens on Nov 25, with 20 lakh shares, 4% of total outstanding shares.
Premier Energies: Lock-in opens on Nov 28, with 90 lakh shares, 2% of total outstanding shares.
Ecos (India) Mobility: Lock-in opens on Dec 2, with 30 lakh shares, 4% of total outstanding shares.
Baazar Style: Lock-in opens on Dec 3, with 30 lakh shares, 4% of total outstanding shares.
Gala Precision: Lock-in opens on Dec 4, with 5 lakh shares, 4% of total outstanding shares.
Shree Tirupati Balajee: Lock-in opens on Dec 9, with 30 lakh shares, 4% of total outstanding shares.
Tolins Tyres: Lock-in opens on Dec 13, with 20 lakh shares, 4% of total outstanding shares.
Bajaj Housing Finance: Lock-in opens on Dec 12, with 12.6 crore shares, 2% of total outstanding shares.
Kross: Lock-in opens on Dec 11, with 30 lakh shares, 5% of total outstanding shares.
PN Gadgil Jewellers: Lock-in opens on Dec 13, with 30 lakh shares, 3% of total outstanding shares.
Western Carriers: Lock-in opens on Dec 19, with 40 lakh shares, 4% of total outstanding shares.
Arkade Developers: Lock-in opens on Dec 20, with 50 lakh shares, 3% of total outstanding shares.
Northern Arc Capital: Lock-in opens on Dec 19, with 10 lakh shares, 0.4% of total outstanding shares.
Manba Finance: Lock-in opens on Dec 26, with 20 lakh shares, 4% of total outstanding shares.
KRN Heat Exchanger: Lock-in opens on Dec 30, with 20 lakh shares, 4% of total outstanding shares.
Diffusion Engineers: Lock-in opens on Dec 31, with 10 lakh shares, 4% of total outstanding shares.
1.5 Years and Beyond Lock-In Opening:
Udayshivakumar Infra: Lock-in opens on Oct 8, with 1.1 crore shares, 20% of total outstanding shares.
Avalon Tech: Lock-in opens on Oct 14, with 1.3 crore shares, 20% of total outstanding shares.
Mankind Pharma: Lock-in opens on Nov 4, 2024, with 8 crore shares, 20% of total outstanding shares.
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