1 / 12The shareholder lock-in of 10 companies comes to an end on Monday, October 27. Majority of these companies are recent listings, including Atlanta Electricals, Seshaasai Technologies, GNG Electronics, Indiqube spaces, Jaro Institute, Solarworld Energy Solutions, Anand Rathi Shares and Stock Brokers, Ganesh Consumer Products, Brigade Hotel Ventures and Waaree Energies, according to Nuvama Alternative & Quantitative Research. The total value of shares that free up for trade today is nearly ₹17,000 crore. However, majority of that sum belongs to one company, Waaree Energies.
2 / 12It 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 just become eligible to be traded. Another thing to note in this is that out of these 10 companies, six are trading below their issue price, majorly the recent listings. Here’s a look at the 10 stocks in detail.
3 / 12Atlanta Electricals | The company will see 14 lakh shares or 3% of its outstanding equity free up for trade as its one-month shareholder lock-in period ends today. Based on Friday’s closing price, the value of shares that free up for trade today is worth ₹146.3 crore. The stock trades above its IPO price of ₹754.
4 / 12Seshaasai Technologies | As many as 29 lakh shares or 2% of the company’s outstanding equity frees up for trade today as its one-month shareholder lock-in ends. The value of these shares is worth ₹112 crore. The stock trades below its issue price of ₹423 per share despite healthy subscription to its IPO.
5 / 12GNG Electronics | The electronics company will also see 29 lakh shares free up for trade or 3% of its outstanding equity, as its three-month shareholder lock-in ends today. The value of these shares is worth ₹94.25 crore. The stock trades above its issue price of ₹237 per share.
6 / 12Indiqube Spaces | Shares worth ₹147.5 crore free up for trade today as the company’s three-month lock-in ends. The lock-in ending will free up 66 lakh shares or 3% of the company’s outstanding equity. The stock trades below its IPO price of ₹237 per share.
7 / 12Jaro Institute | Another recent listing that has declined considerably from its issue price of ₹890 per share, Jaro Institute will see its one-month lock-in end, with 8 lakh shares or 3% of the outstanding equity worth ₹53.37 crore becoming eligible to be traded.
8 / 12Solarworld Energy Solutions | As many as 31 lakh shares or 4% of the company’s outstanding equity will free up for trade today as its one-month shareholder lock-in ends. The value of these shares is worth ₹96 crore. The stock trades below its issue price of ₹351 per share.
9 / 12Anand Rathi Shares | The stock has seen healthy gains from its issue price after listing last month. 27 lakh shares or 4% of the company’s outstanding equity worth ₹138 crore will free up for trade as its one-month shareholder lock-in ends today.
10 / 12Ganesh Consumer Products | Another stock whose one-month shareholder lock-in ends today will see 19 lakh shares or 5% of the company’s outstanding equity free up for trade. The value of these shares is ₹54.15 crore. The stock trades below its issue price of ₹322 per share.
11 / 12Brigade Hotel Ventures | 1.8 crore shares or 5% of the company’s outstanding equity frees up for trade today as its three-month shareholder lock-in ends. The value of these shares is worth ₹146.5 crore. The stock trades below its issue price of ₹90 apiece.
12 / 12Waaree Energies | The biggest in the lot, Waaree Energies will see its one-and-a-half-year and beyond lock-in period end today, which will free up 4.5 crore shares or 16% of its outstanding equity. Based on Friday’s closing price, these shares are worth ₹15,840 crore. The stock has nearly tripled from its issue price.
