1 / 8As many as 15 crore shares of seven companies, including Exicom, Vishnu Prakash R Punglia and others will become eligible to trade from Monday, March 3, as their respective shareholder lock-ins come to an end. It needs to be specified that the end of the shareholder lock-in does not mean all the shares will be sold in the open market, but they will only become eligible to trade. Here is a look at the seven stocks:
2 / 8Dr. Agarwal’s Healthcare | A recent listing, Dr. Agarwal has not moved much from its IPO price. The stock will see 1.1 crore shares or 3% of the outstanding equity become eligible to trade on Monday.
3 / 8Ecos (India) Mobility | The stock will see 3 crore shares or as much as 50% of its outstanding equity become eligible to trade from Monday as its six-month shareholder lock-in will end. The stock has declined 70% from its post-listing high of ₹593.
4 / 8Orient Technologies | Orient Technologies will also see its six-month lock-in period end on Monday when 8 lakh shares or 2% of the company’s outstanding equity will become eligible to trade. The stock has halved from its post-listing high.
5 / 8Exicom Telesystems | A much hyped IPO of the year gone by, Exicom will see its one-year shareholder lock-in period end on Monday. That will free up 4.35 crore shares of the company or 36% of its outstanding equity to trade. A 70% correction from its post-listing high has meant that the stock has now declined back to its IPO price of ₹142.
6 / 8Vishnu Prakash R Punglia | The stock will see its one-and-a-half year and beyond lock-in period end on Monday. 2.5 crore shares or 20% of the company’s outstanding equity will become eligible to trade starting Monday. The stock is down 53% from its post-listing high but is still trading with gains of over 60% from its IPO price of ₹99.
7 / 8Aeroflex Industries | Aeroflex Industries will also see as many as 2.6 crore shares or 20% of its outstanding equity become eligible to trade from Monday when its one-and-a-half year and beyond shareholder lock-in period ends. The stock is down 37% from its post-listing high of ₹272.
8 / 8Pyramid Technoplast | 74 lakh shares or 20% of the company’s outstanding equity will free up for trade on Monday when its one-and-a-half-year and beyond lock-in period ends. The stock is also down 35% from its post-listing high of ₹259.
