As many as eight companies, including the much talked about IPOs of last month, such as Groww, Lenskart, Pine Labs, will see their shareholder lock-in period end this week, according to Nuvama Alternative & Quantitative Research. The total value of these shares, based on Friday's closing price, is worth over ₹6,500 crore. It must be noted that the end of the shareholder lock-in does not mean all the shares will be sold in the open market, but they only become eligible to be traded. Here's a look at that list:
Pine Labs | Recently listed Pine Labs will see its shareholder lock-in end twice this week. First up is on Monday, December 8, where 19.8 million shares, or 2% of the outstanding equity will free up for trade. Based on Friday's closing price, the total value of shares that will free up for trade, stand at ₹489.1 crore. The stock is currently trading 15% above its IPO price. The second instance of Pine Labs seeing its shareholder lock-in end will be on Friday, December 12, where 39.7 million shares or 3% of the total outstanding will free up for trade. The total value of these shares that free up for trade on Friday, is worth ₹984 crore.
Lenskart | The stock has consistently managed to stay above its IPO price of ₹402 in the one month of its listing despite plenty of conversations with regards to its valuations. The company will see 40.7 million shares or 2% of its outstanding equity free up for trade when its one-month lock-in period ends on Monday, December 8. The total value of these shares, based on Friday's closing price, is worth ₹1,701 crore. The stock currently trades 4% above its IPO price.
Scoda Tubes | As many as 32.2 million shares or 54% of the company's outstanding equity will free up for trade on Monday, December 8, as its six-month lock-in period ends, according to Nuvama Alternative. The total value of these shares, based on Friday's closing price, is ₹520 crore. The stock trades 15% above its IPO price.
Dharmaj Crop Guard | The stock had surged last week during a few trading sessions ahead of its shareholder lock-in ending. As many as 6.8 million shares of the company, or 20% of the outstanding equity will free up for trade as its one-and-a-half-year and beyond shareholder lock-in period ends on Monday, December 8. The total value of those shares is worth ₹140 crore. The stock is currently trading exactly at its IPO price of ₹237.
Aegis Vopak Terminals | The company will see its six-month lock-in period end on Monday, December 8, which will see 54 lakh shares, worth ₹140 crore free up for trade. The stock is trading 10.6% above its IPO price.
Billionbrains Garage Ventures | The parent company of trading platform Groww, shares of which are down over 20% from their post-listing high, will see its one-month shareholder lock-in end on Wednesday, December 10. As many as 149.2 million shares or 2% of the outstanding will free up for trade. The total value of those shares is worth ₹2,252 crore. The stock is still 50% above its IPO price.
Kronox Lab Sciences | As many as 7.8 million shares or 21% outstanding will free up for trade on Wednesday, December 10, when its one-and-a-half-year and beyond shareholder lock-in ends. The total value of these shares is worth ₹107.6 crore. The stock trades at its IPO price of ₹138 per share.
Anthem Biosciences | Similar to Pine Labs, the company will also see shareholder lock-in end twice this week. This will be a six-month shareholder lock-in, that first ends on Thursday, December 11, where 6 lakh shares worth ₹39.2 crore free up for trade and then on Friday, December 12, where 20 lakh shares, worth ₹131 crore, will free up for trade. The stock trades 15% higher than its IPO price of ₹570 per share.