1 / 9As many as 11 companies will see shares worth over ₹7,800 crore or over $800 million free up for trade, as their respective shareholder lock-in period ends this week. Seven out of these 11 companies are already trading below their issue price. It must be noted that the end of the shareholder lock-in does not mean that all these shares will be sold in the open market. They only become eligible to be traded. Here’s a look at that list.
2 / 9Excelsoft Tech | Six out of those 11 companies will see their lock-in period end on Monday, February 23 itself. Excelsoft Tech will see over 6.3 million shares or 5% of its outstanding equity become eligible to trade with its lock-in period ending today, as per Nuvama Alternative & Quantitative Research. The value of those shares, based on Friday’s closing price, is worth ₹54 crore. The stock trades 29% below its issue price of ₹120.
3 / 9Vikram Solar | Among the highest out of the total value of shares getting freed up for trade this week belong to Vikram Solar. Shares worth over ₹2,000 crore free up for trade from Monday, February 23, as 29% of its outstanding becomes eligible to trade. After making new highs post listing, the stock has seen a significant dip, currently trading 42% below its IPO price of ₹332, and 53% below its post-listing high.
4 / 9Regaal Resources | Another stock trading below its issue price whose lock-in ends on Monday, February 23, is Regaal Resources. Shares worth ₹311.4 crore will become eligible for trading as 50% of its outstanding frees up. The stock currently trades 41% below its issue price of ₹102 per share.
5 / 9Quality Power | One of the four companies whose shares free up for trade this week and are above their issue price is Quality Power. Shares worth nearly ₹3,700 crore will free up for trade on Monday as 53% of its outstanding becomes eligible to trade. Despite a 19% fall from its recent highs, the stock is still up 108% from its issue price of ₹425 per share.
6 / 9Two other companies whose shares free up for trade on Monday, include Jaro Institute, worth ₹13.4 crore, and whose shares have already halved from their issue price, and Interarch Building Solutions, worth ₹630 crore, where, despite a 30% fall from the recent top, the stock is still up 112% from its issue price of ₹900 apiece.
7 / 9Saraswati Saree Depot | 20% of the company’s outstanding equity will free up for trade on Thursday, February 26 as its one-and-a-half-year and beyond lock-in period ends. The value of these shares is only ₹52 crore. That is because, the stock is down 60% from its IPO price of ₹160 apiece, and 72% lower from its post-listing high, which is over ₹200 per share.
8 / 9Gem Aromatics | Shares worth ₹187.2 crore of the company will free up for trade on Thursday, February 26, as its six-month lock-in period ends. 18% of the company’s outstanding equity will free up for trade. The stock is down 45% from its post-listing high and 40% from its issue price as of Friday’s close.
9 / 9Three other companies whose lock-ins end this week include Sudeep Pharma, worth ₹153.6 crore on Tuesday, February 24, and whose shares are still above their issue price, Shreeji Shipping on Wednesday, February 25, where shares worth nearly ₹420 crore will free up for trade. That stock too trades above its issue price, and Patel Retail on Wednesday, February 25, whose shares worth ₹316 crore will free up for trade. Patel Retail shares currently trade below their issue price.
