1 / 9Monday’s trading session saw shareholder lock-ins of 10 companies end, with majority of those led by Waaree Energies. The remainder of the week will also see seven companies see shares worth ₹1,850 crore free up for trade across Tuesday, Wednesday, and Thursday. It must be noted that shareholder lock-in ending does not mean all the shares will be sold in the open market, but they only become eligible to be traded.
2 / 9It must also be noted that the value of the shares that will free up for trade is calculated based on Monday’s closing price. Here’s a look at these seven companies:
3 / 9Shanti Gold | The company will see its three-month lock-in period end on Tuesday, October 28. According to Nuvama Alternative and Quantitative Research, 27 lakh shares of the company or 4% of its outstanding equity will free up for trade. Based on Monday’s closing price, the shares freeing up for trade are valued at over ₹57 crore. The stock is trading just above its IPO price of ₹199.
4 / 9Jain Resources Recycling | The stock has done well since its listing and its one-month lock-in period will end on Wednesday, October 29. The end of the lock-in period will free up 1.21 crore shares or 4% of the company’s outstanding equity. Based on Monday’s closing price, the shares are valued at ₹473 crore. The stock has already risen nearly 70% from its IPO price.
5 / 9Epack Prefab | The company will also see its one-month shareholder lock-in period end on Wednesday, October 29, where 37 lakh shares or 4% of its outstanding equity will free up for trade. Based on Monday’s close, shares worth ₹103 crore will be freed up for trading. The stock is up 36% from its issue price of ₹204.
6 / 9Godavari Biorefineries | The one-year lock-in period of the company will also end on Wednesday, October 29, which will result in 95 lakh shares or 19% of the company’s outstanding equity free up for trade. The value of those shares, based on Monday’s closing price, is worth ₹250 crore. The stock trades below its IPO price of ₹362.
7 / 9Aditya Infotech | A stock that has done well since its listing, Aditya Infotech will see its three-month shareholder lock-in end on Thursday, October 30. The stock will see 43 lakh shares or 4% of the outstanding equity free up for trade. The value of shares that become eligible to trade based on Monday’s closing price is worth ₹595 crore. The stock is up 104% from its IPO price of ₹675.
8 / 9Laxmi India Finance | As many as 24 lakh shares or 5% of the company’s outstanding will free up for trade when its three-month shareholder lock-in ends on Thursday, October 30. The value of those shares based on Monday’s close is worth ₹35.7 crore. The stock trades just below its IPO price of ₹158 per share.
9 / 9JNK India | As many as 1.12 crore shares or 20% of the company’s outstanding equity worth ₹330 crore will free up for trade on Thursday, October 30, when its one-and-a-half-year and beyond lock-in period ends. The stock is trading below its issue price of ₹415 per share.
