Pre-IPO lock-in period expiry for 46 companies to release $12 billion worth of shares

  • The one-year share lock-in period for Jupiter Life Line Hospitals ends on September 13 and 11 million equity shares of the company, or 16% of the total outstanding shares, will be released.

Ankit Gohel
First Published24 Jun 2024, 11:33 AM IST
All of these shares may not be available for sale immediately in the secondary market as a sizable portion of these shares are also held by the promoter group.
All of these shares may not be available for sale immediately in the secondary market as a sizable portion of these shares are also held by the promoter group. (Photo: AP)

A total of 46 companies will see their pre-listing shareholder lock-in period being lifted between June 24 and September 30. This is likely to result in freeing up of shares amounting to $11.9 billion in the secondary market.

The value represents the opening of the lock-up shares held by pre-IPO investors, including promoters, anchor investors and others. However, all of these shares may not be available for sale immediately in the secondary market as a sizable portion of these shares are also held by the promoter group.

Also Read: Multibagger Garden Reach Shipbuilders share price rises 9% on $54 million order inflow for commercial vessels

The estimates encompass IPOs listed up to June 19, according to a report by Nuvama Alternative & Quantitative Research. It is to be noted the lock-in period is different for different classes of investors.

Jupiter Life Line Hospitals' one-year share lock-in period ends on September 13, and 11 million equity shares of the company, or 16% of the total outstanding shares, will be released.

Similarly, the one-year lock-in period for JSW Infrastructure ends on September 30, and 127.5 crore shares will be available for trading.

Also Read: JSW Energy stock hits new all-time high as subsidiary wins 300 MW wind-solar hybrid project

The one-month share lock-in period ends for Awfis Space Solutions on June 27, Kronox Lab Sciences on July 8 and for Le Travenues Technology (ixigo) on July 15. This will result in a significant release of a total of 3.5 million Awfis Space shares, 1.4 million Kronox Lab shares, and 17.9 million ixigo shares becoming available for trading.

According to the regulations, for company promoters, 20% of the post-issue paid-up capital must be locked in for 18 months, while any allotment exceeding this 20% threshold is subject to a lock-in period of six months.

Also Read: Dee Development Engineers IPO allotment date likely today. GMP, how to check allotment status online

For anchor investors, 50% of the allotted shares must be locked in for 30 days from the date of allotment, with the remaining 50% locked in for 90 days. The lock-in period for non-promoters ends after six months.

As per the Nuvama report, the 18-month lock-in period will end for Landmark Cars on June 24, Abans Holding on June 26, Kfin Technologies on June 27, Elin Electronics on June 28, Radiant Cash Management on July 2, and Sah Polymer on July 9.

Read Stock Market News Updates here

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess

News in Numbers

Numbers that help you understand news better
1.4%

₹773 Cr

₹2,705 Cr

₹1 Cr

₹14,370 Cr

₹5.74 T

First Published:24 Jun 2024, 11:33 AM IST
HomeMarketsStock MarketsPre-IPO lock-in period expiry for 46 companies to release $12 billion worth of shares

Most Active Stocks

Tata Steel

166.80
03:59 PM | 15 JUL 2024
-1.9 (-1.13%)

NTPC

385.65
03:58 PM | 15 JUL 2024
8.4 (2.23%)

Bank Of Baroda

258.60
03:53 PM | 15 JUL 2024
7.85 (3.13%)

Bharat Electronics

331.25
03:55 PM | 15 JUL 2024
-2.05 (-0.62%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Indian Overseas Bank

68.33
03:41 PM | 15 JUL 2024
4.68 (7.35%)

M M T C

94.92
03:40 PM | 15 JUL 2024
6.31 (7.12%)

NLC India

297.75
03:57 PM | 15 JUL 2024
18.6 (6.66%)

IDBI Bank

91.54
03:58 PM | 15 JUL 2024
5.6 (6.52%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    74,771.00290.00
    Chennai
    73,827.00-145.00
    Delhi
    73,972.00-799.00
    Kolkata
    74,045.0073.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L-0.01
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts