According to data from Nuvama Alternative & Quantitative Research, Vishal Mega Mart will see its three-month lock-in period end on Monday. This will free up as many as 15.38 crore shares of the company for trading.
The total number of shares amount to 3% of Vishal Mega Mart’s outstanding equity.
It must be specified that the end of the shareholder lock-in period does not mean all the shares will be sold in the open market, but they only become eligible to be traded.
At the end of the December quarter, India’s domestic Mutual Funds had a 8.66% stake in Vishal Mega Mart, while foreign portfolio investors (FPIs) had a 6.58% stake.
Vishal Mega Mart had as many as 9.13 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh as of December 31, 2024. In percentage terms, that figure stands at 4.52%.
Shares of Vishal Mega Mart have managed to hold on to some of their gains, despite having corrected from its post-listing high.
However, on Thursday, the stock closed below its listing price of ₹104. In fact, the shares even closed below the mark of ₹100, having declined from their post-listing high of ₹126.87.
Despite this fall, shares of Vishal Mega Mart are still trading 25% above their IPO price of ₹79. The stock ended 1.6% lower on Thursday at ₹99.95.
