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$11.9 Billion Worth of IPO Lock-in Shares Set to Expire Over Next 3 Months

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In the upcoming three months, a significant number of debutant companies are set to see their pre-listing shareholder lock-in periods expire, potentially unlocking approximately $11.9 billion worth of shares, according to a recent report from Nuvama Institutional Equities.

The impending expiration dates range from June 24 to September 30, affecting 46 companies in total. Among the companies scheduled to have their lock-in periods expire on June 24 are Suraj Estate Developers, Credo Brands Marketing, Landmark Cars, and Muthoot Microfinance. This milestone marks the end of restrictions that prevented insiders from selling their shares immediately after the initial public offering (IPO).

It’s important to note that while the total value of locked-up shares amounts to $11.9 billion, not all of these shares will flood the market as a significant portion are held by promoters and promoter groups, who may choose to retain their stakes.

Looking ahead, other notable companies with imminent lock-in expirations include Awfis Space Solutions on June 27, Kronox Lab on July 8, Le Travenues Technology on July 15, SRM Contractors on July 1, Bharti Hexacom on July 8, and JNK India on July 25.

Further into the timeline, Jupiter Lifeline Hospitals is set to see 11 million shares become eligible for trading on September 13, representing 16% of its total outstanding shares. Similarly, JSW Infra will have a significant lock-in expiration on September 30, with 1,275 million shares, which amounts to 61% of its total outstanding shares.

The expiration of these lock-in periods is expected to impact market dynamics as insiders and early investors potentially adjust their holdings post-IPO, influencing trading volumes and stock prices in the coming months.

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