The big listings of November face their first big test next week

About this update from Billionbrains Garage Ventures Limited

Shares of several recently listed new-age companies including Billionbrains Garage Ventures, Lenskart Solutions, Urban Company and Pine Labs are in focus this month as their respective shareholder lock-in periods expire through December. The end of a lock-in period only makes these shares eligible for trading in the open market; it does not necessarily mean that all such shares will be sold. Pine Labs will have 1.98 crore shares becoming available for trade on December 8, as its one-month lock-in expires. This represents 2% of its outstanding equity. Lenskart will also see 4.07 crore shares unlocked on the same day, equivalent to 2% of its equity base. Groww follows with 14.92 crore shares coming out of lock-in on December 10, again amounting to 2% of its outstanding equity. A second tranche for Pine Labs opens up on December 12, when 3.97 crore additional shares, about 3% of its equity, become eligible for trading. Urban Company's three-month lock-in ends on December 15, freeing up 4.15 crore shares, which accounts for 3% of its outstanding equity. The staggered unlocking across these high-profile consumer internet companies will be watched closely by the market for potential supply dynamics and investor sentiment through the month.

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