As many as 185.2 crore shares or 41% of the company’s outstanding equity is set to free-up for trade as its shareholder lock-in ends today, according to Nuvama Alternative and Quantitative Research.
Based on Friday’s closing price, the total value of shares that will free-up for trade on Monday, is ₹18,347 crore.
It must be noted that the end of the shareholder lock-in period does not mean all these shares will be sold in the open market, but they only become eligible to be traded.
Shares of Premier Energies had made their stock market debut on September 3 last year, when the stock listed at a premium of over 100% from its issue price of ₹450 per share, becoming one of the most successful listings of the year.
Within a few days of listing, the stock made a record high of ₹1,388 per share, which is a return of more than 3x from its IPO price, before correcting from those levels.
At the end of the June quarter of 2025, the promoters of Premier Energies have a 64.25% stake in the company.
Over the last 12 months, Mutual Funds have increased their stake in Premier Energies to 8.34% from 4.22%, as have foreign institutions, from 3.08% to 4.41%.
The number of small retail shareholders, or those with authorised share capital of up to ₹2 lakh, has declined from 4.05 lakh to 3.7 lakh during this period.
In an interaction with CNBC-TV18 on July 29, the management of Premier Energies highlighted that it has signed some large orders in the second quarter, and that visibility indicates that the company’s EBITDA margins will remain at current levels. For the June quarter, Premier Energies’ margins had expanded to 30.2% from 21.6% last year.
Shares of Premier Energies had ended 1.2% lower on Friday at ₹990.7. The stock is down nearly 30% from its post-listing high, but remains well above its issue price of ₹450 per share.
Also Read: Shareholder Lock-In: 194.3 million shares worth nearly ₹19,000 crore to free up for trade today
First Published: Sept 1, 2025 4:55 AM IST
