As many as 563 crore shares of 54 companies will become eligible for trading starting today till April as their respective shareholder lock-ins across various timelines open. 46% of those, or nearly 261 crore shares belong only to one company – Indian Railway Finance Corporation (IRFC).
To clarify, shareholder lock-in ending does not necessarily mean that the shares will be sold in the market. They just become eligible to be traded.
According to a note from Nuvama Alternative & Quantitative Research, IRFC will see over 261 crore shares or 20% of its outstanding equity become eligible for trading when its one-and-a-half year and beyond lock-in period ends on January 29.
Having debuted in 2021, shares of IRFC are now up 4x from their IPO price of ₹26.
Besides IRFC, other stocks that will see their one-and-a-half year and beyond lock-in period ending include Dreamfolks Services, Harsha Engineering and Electronics Mart.
Stock | Date | Total Shares | % Outstanding |
IRFC | January 29, 2024 | 2,614 Million | 20% |
Dreamfolks Services | March 4, 2024 | 35 Million | 67% |
Harsha Engineering | March 22, 2024 | 18 Million | 20% |
Electronics Mart | April 15, 2024 | 77 Million | 20% |
One-Month Lock-In
Some of the last IPOs of 2023, India Shelter Finance, DOMS Industries, Happy Forgings, Motisons Jewellers will have their one-month lock-in period ending. Most of these issues saw healthy subscription and strong listings as well.
Stock | Date | Total Shares | % Outstanding |
India Shelter Finance | January 17, 2024 | 3.7 Million | 3% |
DOMS Industries | January 17, 2024 | 3.4 Million | 6% |
Inox India | January 18, 2024 | 3.3 Million | 4% |
Suraj Estates Developers | January 21, 2024 | 1.7 Million | 4% |
Motisons Jewellers | January 22, 2024 | 3.3 Million | 3% |
Muthoot Microfinance | January 22, 2024 | 5 Million | 3% |
Happy Forgings | January 22, 2024 | 2 Million | 2% |
RBZ Jewellers | January 22, 2024 | 1 Million | 3% |
Credo Brands | January 22, 2024 | 3 Million | 5% |
Azad Engineering | January 25, 2024 | 2 Million | 4% |
Innova Captab | January 26, 2024 | 2 Million | 3% |
Three-Month Lock-In
These companies listed above, which had their one-month lock-in period ending this month, will also have their three-month lock-in period ending in the months of March and April. Besides these companies, stocks like Tata Technologies, one of the most awaited IPOs of 2023, will also have their three-month lock-in period lifting on February 26.
Stock | Date | Total Shares | % Outstanding |
IRM Energy | January 22, 2024 | 1.6 Million | 4% |
Blue Jet Healthcare | January 29, 2024 | 3.6 Million | 2% |
Cello World | January 31, 2024 | 4.4 Million | 2% |
Honasa Consumer | February 1, 2024 | 12 Million | 4% |
ESAF Small Finance Bank | February 7, 2024 | 11 Million | 2% |
Ask Auto | February 8, 2024 | 4.4 Million | 2% |
IREDA | February 23, 2024 | 101 Million | 4% |
Tata Technologies | February 26, 2024 | 8 Million | 2% |
Fedbank Financial Services | February 27, 2024 | 11.6 Million | 3% |
Flair Writing Industries | February 27, 2024 | 3 Million | 3% |
Gandhar Oil | February 26, 2024 | 4.4 Million | 5% |
5 & 6-Month Lock-In
A large list of companies will see their five and six month lock-in period end over the next three months.
Among these companies, Senco Gold will see 60% of its outstanding shares become eligible for trade today itself. Around 30 companies in this list will see around 55% to 60% of their outstanding shares become eligible for trading.
Along with Senco Gold, HMA Agro saw 64% of their outstanding shares become eligible for trade on Thursday, while Concord Biotech and TVS Supply Chain will also see 60% and 64% of their outstanding shares become eligible for trading.
Stock | Date | Total Shares | % Outstanding |
Senco Gold | January 12, 2024 | 47 Million | 60% |
Utkarsh SFB | January 19, 2024 | 663 Million | 60% |
Netweb Tech | January 25, 2024 | 31 Million | 56% |
Yatharth Hospital | February 5, 2024 | 46 Million | 53% |
SBFC Finance | February 12, 2024 | 611 Million | 57% |
Concord Biotech | February 14, 2024 | 63 Million | 60% |
TVS Supply Chain | February 21, 2024 | 281 Million | 64% |
Aeroflex Industries | March 1, 2024 | 71 Million | 55% |
Pyramid Technoplast | March 1, 2024 | 20 Million | 55% |
Vishnu Prakash R Punglia | March 1, 2024 | 69 Million | 55% |
Rishabh Instruments | March 8, 2024 | 11 Million | 28% |
Jupiter Lifeline Hospitals | March 13, 2024 | 24 Million | 36% |
Jupiter Lifeline Hospitals | March 14, 2024 | 6 Million | 9% |
EMS | March 15, 2024 | 29 Million | 53% |
Ratnaveer Precision | March 15, 2024 | 22 Million | 45% |
RR Kabel | March 21, 2024 | 71 Million | 63% |
Samhi Hotels | March 22, 2024 | 61 Million | 28% |
Zaggle Prepaid | March 25, 2024 | 60 Million | 49% |
Yatra Online | March 27, 2024 | 71 Million | 45% |
Signature Global | March 29, 2024 | 89 Million | 63% |
JSW Infra | April 1, 2024 | 103 Million | 5% |
Sai Silks (Kalamandir) | April 1, 2024 | 62 Million | 41% |
Manoj Vaibhav Gems | April 8, 2024 | 27 Million | 54% |
Updater Services | April 8, 2024 | 30 Million | 44% |
Valiant Labs | April 8, 2024 | 6 Million | 13% |
Plaza Wires | April 11, 2024 | 22 Million | 50% |
Lastly, Divgi TorqTransfer, which was the first IPO of 2023, will see its one-year lock-in period ending on March 11, which will make 36% of its outstanding equity eligible for trading.
Stock | Date | Total Shares | % Outstanding |
Global Surfaces | April 1, 2024 | 15 Million | 35% |
Divgi TorqTransfer | March 11, 2024 | 11 Million | 36% |
First Published: Jan 12, 2024 7:26 AM IST
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.