Lock-in expiry could see Swiggy, Ola Electric, NTPC Green, others offload Rs 70,500-crore shares in February

More than two dozen companies, including well-known names like Swiggy, NTPC Green Energy, TVS Supply Chain, Northern Arc Capital, FirstCry, Ola Electric and Unicommerce Solutions among others, would see their respective IPO lock-in period expire in the current month, as per an analysis by Moneycontrol basis a report by Nuvama Institutional Equities.

At a time when Indian equities are seeing a lot of volatility with the benchmarks down nearly 9 percent from their record highs, shares worth nearly Rs 70,500 crore could enter the markets in February as the lock-in period of many recently-listed companies will come to an end.

More than two dozen companies, including well-known names like Swiggy, NTPC Green Energy, TVS Supply Chain, Northern Arc Capital, FirstCry, Ola Electric and Unicommerce Solutions among others, would see their respective IPO lock-in period expire in the current month, as per an analysis by Moneycontrol basis a report by Nuvama Institutional Equities.

According to the report, Ola Electric would see the lock-in period expire for the biggest chunk of shares in terms of number as 1962.2 million shares will see their lock-in period expire on February 10.

It will be followed by companies like FirstCry (335.3 million), SBFC Finance (225.5 million), NTPC Green Energy (183.3 million), Sagility India (157.6 million), Juniper Hotels (128 million), Ceigall India (108.1 million) and Premier Energies (105.6 million) that will see over 100 million shares each exit the lock-in period.

To be sure, it is not necessary that the shares will be sold as soon as the lock-in period expires. But owners of the shares will at least have the option to sell if they want to.

Meanwhile, in terms of the value of the lock-in shares eligible to be sold in the open market, FirstCry could see the largest chunk at Rs 15,979 crore, followed by Ola Electric at Rs 14691 crore and Premier Energies at Rs 10752 crore.

Some of the other companies with a potential sale value in excess of Rs 1,000 crore include Concord Biotech (Rs 4,665 crore), Juniper Hotels (Rs 3747 crore), Ceigall India (Rs 3,184 crore), Swiggy (Rs 2827 crore), NTPC Green Energy (Rs 2038 crore), Northern Arc Capital (Rs 1971 crore), SBFC Finance (Rs 1913 crore), TVS Supply Chain (Rs 1271 crore) and Interarch Building  (Rs 1052 crore).

Some of the other companies that would see the lock-in period end in February are Capital Infra Trust, Sagility India, BLS E Services, Unicommerce Solutions, ACME Solar, Saraswati Saree Depot, Enviro Infra, Quadrant Future and Stallion India among others.

Meanwhile, as per the report by Nuvama, the total potential value of share sale till April 30 could be around $32 billion as more than 80 companies would see their respective lock-in period end.

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