Investors are gearing up for a wave of IPO lock-in expiries valued at $35 billion over the next three months. This period will see shares from several companies becoming eligible for trade, although it does not necessarily mean they will be sold in the secondary market.
The lock-in expiry season commenced on Tuesday with 30 lakh shares of Gaudium IVF and Women Health, valued at $4 million, becoming eligible for trade following the end of their three-month lock-in period. The shares were initially listed on NSE and BSE in February. The following day, shares from Clean Max Enviro Energy Solutions, Sudeep Pharma, and Borana Weaves, cumulatively worth $104 million, also became eligible for trade.
Significant lock-in expiries are anticipated in the coming weeks. On May 29, 20 lakh shares of PNGS Reva Diamond Jewellery will be available for trade. Additionally, nearly 19 crore shares of Schloss Bangalore, valued at $811 million, will see their lock-in period expire on June 1. This will be followed by expiries for Omnitech Engineering, Belrise Industries, and Enviro Infra Engineers.
Wakefit Innovations, which debuted in December last year, will have 40 lakh shares worth $6 million eligible for trade on June 3. Later, on June 12, another 16 crore shares worth $222 million will become tradable. OnEMI Technology Solution will see 80 lakh shares worth $21 million become eligible on June 5.
ICICI Prudential AMC, which listed with a 20% premium in December, will have 20 lakh shares worth $88 million eligible for trade on June 10. Another 34 crore shares worth over $12 billion will follow on June 19. Meesho, which saw a 46% premium listing, will have over 308 crore shares worth more than $6 billion eligible on June 10.
Background
The upcoming lock-in expiries are crucial for market dynamics as they could influence stock prices and trading volumes. Investors should monitor these developments closely to assess potential impacts on their portfolios.
Investors should keep a close watch on these lock-in expiries as they unfold, as they may significantly impact stock market trends and investor strategies in the coming months.
