Nuvama Alternative & Quantitative Research has released a comprehensive report detailing the share lock-in expiry dates for pre-listing shareholders of recent IPOs scheduled between October 2024 and December 2024. The analysis covers 43 companies, with the total value of shares set to be unlocked amounting to USD 18.8 billion. While not all these shares are expected to be sold immediately, as a significant portion is held by promoters and associated groups, the report provides critical insights into the potential market impacts.
Key Findings
1. One-month Share Lock-In Expiry:
- October 2024:
- Shree Tirupati Balajee: 10th October | 3 million shares | 4% of total outstanding shares
- Tolins Tyres: 14th October | 2 million shares | 4%
- Bajaj Housing Finance: 14th October | 126 million shares | 2%
- Kross: 14th October | 3 million shares | 5%
- P N Gadgil Jewellers: 14th October | 3 million shares | 3%
- Western Carriers: 21st October | 4 million shares | 4%
- Arkade Developers: 21st October | 5 million shares | 3%
- Northern Arc Capital: 21st October | 1 million shares | 0.4%
- Manba Finance: 28th October | 2 million shares | 4%
- KRN Heat Exchanger: 31st October | 2 million shares | 4%
2. Three-months Share Lock-In Expiry:
- October to December 2024:
- Sanstar Limited: 22nd October | 8 million shares | 4%
- Akums Drugs and Pharma: 31st October | 6 million shares | 4%
- Ceigall India: 4th November | 5 million shares | 3%
- Ola Electric Mobility: 5th November | 182 million shares | 4%
- Unicommerce Esolutions: 7th November | 6 million shares | 6%
- Brainbees: 11th November | 20 million shares | 4%
- Interarch Building Products: 20th November | 1 million shares | 6%
- Orient Technologies: 25th November | 2 million shares | 4%
- Premier Energies: 28th November | 9 million shares | 2%
- Ecos (India) Mobility: 2nd December | 3 million shares | 4%
- Gala Precision: 4th December | 0.5 million shares | 4%
- Baazar Style: 3rd December | 3 million shares | 4%
- Tolins Tyres: 13th December | 2 million shares | 4%
- Shree Tirupati Balajee: 9th December | 3 million shares | 4%
- Kross: 11th December | 3 million shares | 5%
- Bajaj Housing Finance: 12th December | 126 million shares | 2%
- Western Carriers: 19th December | 4 million shares | 4%
- P N Gadgil Jewellers: 13th December | 3 million shares | 3%
- Northern Arc Capital: 19th December | 1 million shares | 0.4%
- Arkade Developers: 20th December | 5 million shares | 3%
- KRN Heat Exchanger: 30th December | 2 million shares | 4%
- Manba Finance: 26th December | 2 million shares | 4%
- Diffusion Engineers: 31st December | 1 million shares | 4%
3. Notable Lock-Ins Beyond Three Months:
- Bharti Hexacom: 11th October | 325 million shares | 65%
- Indegene: 11th November | 193 million shares | 80%
- TBO TEK: 13th November | 66 million shares | 60%
- Go Digit General Insurance: 25th November | 552 million shares | 60%
- Awfis Space Solutions: 29th November | 39 million shares | 56%
- Le Travenues Technology: 16th December | 284 million shares | 73%
- Happy Forging: 26th December | 55 million shares | 59%
- Azad Engineering: 30th December | 27 million shares | 45%
