As any as 1.8 crore shares of the company, amounting to 20% of its outstanding equity, will free up for trade as the lock-in period ends, according to Nuvama Alternative and Quantitative Research.
Based on Inox India’s closing price on Wednesday, the number of shares that will free up for trading amount to over ₹2,000 crore.
It must be noted that the end of the shareholder lock-in does not mean that all the shares will be sold in the open market. Those specific number of shares only become eligible to be traded.
Inox India recently announced that the company has won orders worth ₹373 crore so far in financial year 2026, across business segments.
Based on the March quarter shareholding pattern, promoters of Inox India held a 75% stake in the company, while the rest is with public shareholders.
Among the public shareholders, India’s mutual funds held a 4.91% stake in the company, led by DSP MF and ICICI Prudential MF, while Goldman Sachs India Equity Portfolio had a 2.16% stake.
As many as 1.76 lakh small retail shareholders, or those with authorised share capital of up to ₹2 lakh, had a 9.75% stake in Inox India at the end of the March quarter.
Shares of Inox India have remained flat over the last one month and have gained only 6% so far in 2025.
Shares of Inventurus Knowledge Solutions or IKS Health and MobiKwik had seen their respective shareholder lock-in periods end on Wednesday. Both these stocks ended with losses of over 9% in yesterday’s trading session.
First Published: Jun 19, 2025 5:12 AM IST
