IPO lock-in expiry: Shares worth $403 million from 7 companies freed up for trade

As many as 15.7 crore shares of these seven companies are freed up today.

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Shares of seven newly listed companies are in focus after their pre-listing shareholder lock-ins lifted on Monday, June 30. As many as 15.7 crore shares, totalling $403 million, of these companies, which also include stocks like Sai Life Sciences, Schloss Bangalore, Aegis Vopak Terminals, freed up for trade across various timeframes, according to Nuvama Alternative & Quantitative Research.

Between June 19 and October 30, a total of 66 companies are slated to have their lock-ins lifted, amounting to the value of $27 billion. 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 shares are also held by promoter and group entities.

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One-month lock-in

• Prostarm Info Systems' one-month lock-in ends today, unlocking 2 million shares for trading. These shares represent 4 percent of the company’s total equity.
• Aegis Vopak Terminals’ one-month lock-in expires today, releasing 27 million shares, which is equivalent to 2 percent of total equity.
• Schloss Bangalore's one-month lock-in ends today, which makes around 18 million shares eligible for trade. These account for 5 percent of the company's equity.Six-month lock-in

• Senores Pharmaceuticals' six-month lock-in ends today, further unlocking 22 million shares, which represent 48 percent of total equity.
• Sai Life Sciences' six-month lock-in expires today, freeing up 2 million shares, or around 0.9 percent of equity.
• Stanley Lifestyles' six-month lock-in ends today, which allows 21 million shares to be traded, equivalent to about 37 percent of the company’s equity.
• Motisons Jewellers' six-month lock-in ends today, making 20 million shares available of the firm available to trade, representing 20 percent of total equity.