Both the stocks have been outperformers, having delivered healthy returns from their respective issue price.
Vishal Mega Mart will see 254.2 crore shares or 56% of its outstanding equity free up for trade when its shareholder lock-in comes to an end on June 17.
At the current market price, the value of shares that will be freed up for trading amounts to ₹33,000 crore.
Having listed in December of last year, shares of Vishal Mega Mart are trading nearly 70% higher than their IPO price of ₹78 per share.
The other outperforming stock whose lock-in ends on June 17 is Sai Life Sciences. The company will see 10 crore shares or 48% of its outstanding equity become eligible to be traded once the lock-in period ends.
At the current market price, the value of shares that become eligible be traded will be just over ₹7,000 crore. Shares of Sai Life are trading with gains of nearly 35% from their issue price of ₹549.
It must be mentioned that the ending of the shareholder lock-in does not mean that all those shares will be sold in the open market, but they only get eligible to be traded.
Shares of Vishal Mega Mart are trading 3.5% higher at ₹130.49, while those of Sai Life are trading 1.2% higher at ₹738.6.
