Recently listed Aditya Infotech Ltd., along with Scoda Tubes Ltd., Laxmi India Finance Ltd. are set to see their shareholder lock-in period end, along with Premier Energies Ltd. Majority of those shares that will unlock for trading, belong to Premier Energies.
It must be noted that the end of the shareholder lock-in period does not mean all the shares will be sold in the open market, but they just become eligible to be traded.
Premier Energies
The solar cell and renewable energy components manufacturer will see the end of its one-year lock-in period on Monday.
As a result, 185.2 million shares of the company, or 41% of its outstanding equity, will free up for trade as the shareholder lock-in ends.
Based on Friday’s closing price, the total value of Premier Energies’ shares that will free up for trade, is ₹18,347 crore.
Aditya Infotech
A recently listed company, Aditya Infotech will see the end of its one-month shareholder lock-in period on Monday.
4.3 million shares of the company, or 4% of its outstanding equity, will free up for trade on Monday as its one-month shareholder lock-in comes to an end.
Based on Friday’s closing price, the total value of Aditya Infotech’s shares that will free-up for trading is worth ₹539 crore.
The stock is up 85% from its IPO price of ₹675 per share.
Scoda Tubes and Laxmi India Finance
Scoda Tubes and Laxmi India Finance will see their three-month and one-month lock-in period end on Monday.
Both companies will see 2.4 million shares each unlock for trading, which are valued at ₹41 crore and ₹31 crore respectively, as per their closing price on Friday.
While shares of Scoda Tubes are trading just above their IPO price of ₹140 per share, those of Laxmi India Finance trade below their issue price of ₹158 per share.
