37 companies' shareholder lock-ins to end over next 4 months

livemint.com:

₹10 crore and can bid for as much as 60% of the quota set aside for qualified institutional buyers during the offering. “The volumes could run up in certain counters where the pre-listing shareholder lock-in is significant, and where the current market price is substantially higher than the issue price," according to Abhilash Pagaria, head, Nuvama Alternative & Quantitative Research.

“Between August 22, 2023, and December 31, 2023, a total of 37 companies are slated to have their pre-listing shareholder lock-ins lifted." Interestingly, there has been a significant run up in prices in many of the companies where the one month and three month lock-ins for various investors, excluding promoters and private equity investors, are ending . Notably, many companies, excluding promoter and private equity stakeholder lock-ins ending one and three months respectively, have seen significant price appreciations.

For example, Netweb Tech's share price on August 22 stood at ₹792.50, marking a 58.5% ascent from its issue price of ₹500. Yatharth Hospital's current market price, ₹376.30, is 25% above the issue price, while SBFC Finance's share price has also risen 58.5% from its offering price.

Shares of IdeaForge and Utkarsh Small Finance Bank have climbed 50% and 91%, respectively. Meanwhile, LIC, set to have its pre-listing lock-in lifted after eighteen months on 13 November, is trading at ₹663.9, a 30% dip from its initial listing price of ₹949.