Over 46 companies are slated to have their pre-listing shareholder lock-in lifted between June 24 and September 30, 2024, totaling 2.63 billion shares valued at $11.9 billion, said a brokerage.
According to Nuvama Institutional Equities, while the value pertains to the total lock-up opening shares, it’s important to note that not all of these shares will come for sale as a sizable portion of these share are also held by the promoter groups.
Among these, the largest is JSW Infra with 127.5 crore shares, which totals 61 percent of the outstanding equity, will be freed for trade as the firm's one year lock-in period opens on September 30.
Awfis Space Solutions, Kronox Lab Sciences and Le Travenues Technologies are among the new listings, which will see their their one-month lock-in period lift until July 15.
SRM Contractors, Bharti Hexacom, JNK India, Indegene, TBO Tek, Aadhar Housing Finance, GO Digit General Insurance are names which will see their three-month lock-in period lifted until September 11, 2024.
On July 8, the three-month lock-in period for Bharti Hexacon, the first Bharti Group listing in over ten years, will end. This will allow 3 percent of its outstanding shares to be traded.
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Several stocks will have their 5-6 month lock-in periods end by September. For instance, Jyoti CNC will release 15.2 crore shares, accounting for 67 percent of its equity, for trading on July 16. Other stocks affected include Apeejay Surendra Park, Rashi Peripherals, and BLS E Services.
Additionally, in the coming 90 days, the 18-month lock-in periods for Landmark Cars, Kfin Tech, and Radiant Cash Management will also end.
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