IPO lock-in expiry: Mobikwik, Sai Life Sciences shares crash up to 15% as shares freed up for trade

As many as 19.5 crore shares of these seven companies have been freed up today.

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26 Aug, 2025 12:21

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Seven companies shares are in focus after their pre-listing shareholder lock-ins lifted on March 17. As many as 19.5 crore shares, totalling $475 million, of these seven companies, which also include stocks like Vishal Mega Mart, One Mobikwik Systems and Sai Life Sciences, freed up for trade across various timeframes, according to Nuvama Alternative & Quantitative Research.

Between February 28 and April 30, a total of 64 companies are slated to have their lock-ins lifted, amounting to the value of $26 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.

One Month Lock-in Expiry

• Ajax Engineering is the only stock which has its one month lock-in expire today. Around 30 lakh shares of the company, equally three percent of its outstanding equity will be freed up for trade. The lock-in value of these shares is around $21 million. The stock slipped around 0.3 percent in the morning session to hover near Rs 588.25.

• Inventurus Knowledge Solutions will see its three-month lock-in period expire today, releasing 4 million shares for trade. These shares represent 2 percent of the company’s outstanding equity and have a lock-in value of approximately $92 million. The stock crashed 11 percent to quote Rs 1,460 apiece on the NSE.
• Sai Life Sciences will also have its three-month lock-in expire today, freeing up 8 million shares, which account for 4 percent of its total equity. The lock-in value of these shares stands at around $68 million. The firm's stock was 3 percent lower to trade at Rs 680.65.
• Similarly, One Mobikwik Systems will see the end of its three-month lock-in today, unlocking 5 million shares, equivalent to 6 percent of its outstanding equity. The total lock-in value of these shares is estimated at $16 million. Shares of the firm crashed 10 percent in trade to Rs 245.55 at 11 am.
• Vishal Mega Mart has the largest lock-in expiry of the day, with 154 million shares becoming available for trade. These shares constitute 3 percent of the company’s outstanding equity, carrying a lock-in value of approximately $181 million. Contrary to most other stock in the list, shares of the retail player were in the green, higher by 2 percent at Rs 101.5.

• EMS will see its six-month lock-in period expire today, releasing 11 million shares for trade. These shares account for 20 percent of the company’s outstanding equity and have a lock-in value of approximately $81 million. The firm's shares whipsawed, shifting between gains and losses to trade flat by 11 am.
• Ratnaveer Precision Engineering will also have its six-month lock-in expire today, freeing up 10 million shares, which represent 20 percent of its total equity. The lock-in value of these shares stands at around $16 million. Ratnaveer Precision Engineering's stock was mildly higher in trade.