It must be noted that the end of the shareholder lock-in does not mean all the shares will be sold in the open market, but they only become eligible to be traded.
Based on Friday’s closing price, the value of Syrma SGS’ shares that free up for trade today is worth ₹2,618 crore. As many as 17 crore shares of 10 companies worth over ₹5,700 crore are set to free up for trade this week as their respective shareholder lock-in period ends. Syrma SGS garners a lion’s share of that value.Syrma SGS recently raised ₹1,000 crore through a Qualified Institutional Placement (QIP) by issuing shares to eligible funds like HDFC Life, Tata AIA Life, Axis MF, Bandhan MF, HDFC MF, Prudential Hong Kong Ltd., ICICI Prudential MF, Aditya Birla Sun Life MF and Motilal Oswal Small Cap Fund.
At the end of the June quarter, promoters of Syrma SGS had a 42.97% stake in the company, down from 46.52% in March.
Shares of Syrma SGS trade close to their 52-week high, and are down 4.6% from those levels as of Friday’s close. The stock has gained 20% so far in 2025 and has more than tripled from its IPO price of ₹220. The stock ended little changed last Friday, at ₹744.2.
