1 / 10As many as 254 million shares of 12 companies will become eligible to be traded this week as their respective shareholder lock-in periods end. Based on their respective current market price, the value of the shares becoming eligible to trade is close to $1.5 billion.
2 / 10It must be clarified that the ending of the shareholder lock-in period does not mean that all those shares will be sold in the open market. They only become eligible to be traded. Here is a look at those companies:
3 / 10Borana Weaves | The company will see 1.5 million shares or 6% of its outstanding equity become eligible for trade on Monday, June 23. The stock is currently trading below its IPO price of ₹243.
4 / 10Credo Brands Marketing | Also known as Mufti, Credo Brands will see 13.3 million shares or 21% of its outstanding equity become eligible for trade on Monday, June 23. The stock is also trading below its IPO price of ₹280.
5 / 10Suraj Estate Developers | Another stock whose shareholder lock-in ends on Monday is Suraj Estate. 8.9 million shares or 20% of the company’s outstanding equity becomes eligible to trade. The stock is trading right at its IPO price of ₹360 per share.
6 / 10Muthoot Microfinance | The company will see its one-and-a-half year and beyond lock-in period end on Tuesday, June 24. This will result in 34.2 million shares or 20% of the company’s outstanding equity become eligible to be traded. Another one of those shares who have not seen their IPO price since listing, Muthoot Microfin trades over 50% below its issue price of ₹291.
7 / 10Belrise Industries | The one-month lock-in period of Belrise Industries comes to an end on Wednesday, June 25. 35.8 million shares or 4% of the company’s outstanding becomes eligible to be traded that day. The stock is trading just above its IPO price of ₹90 per share.
8 / 10Four companies have their shareholder lock-ins end on Wednesday, June 26. Ventive Hospitality (11.8 million shares, 5% of outstanding), Carraro India (27.7 million shares, 49% of outstanding), Sanathan Textiles (1.8 million shares, 2% of outstanding), and Mamata Machinery (12.3 million shares, 50% of outstanding) will see their six-month shareholder lock-in end on Wednesday. In this set, barring Carraro India, the other three companies are trading above their issue price.
9 / 10Three other companies have their six-month shareholder lock-in end on Thursday, June 27. Ventive Hospitality again (28 million shares, 12% of outstanding), Transrail Lighting (77.8 million shares, 58% of outstanding) and DAM Capital Advisors (26.9 million shares, 38% of outstanding), will become eligible to be traded that day. While Transrail Lighting trades above its IPO price, DAM Capital trades below its issue price of ₹283.
10 / 10Innova Captab | The last in this set whose shareholder lock-in ends this week is Innova Captab, where 11.4 million shares or 20% of the company’s outstanding equity will become eligible to be traded on Friday, June 28. The stock has nearly doubled from its IPO price of ₹448 per share.
