Shareholder Lock-In: Shares worth ₹6,523 crore of eight companies to free up for trade this week

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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. Ae...

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