As many as seven companies, ranging from retail stores operator Vishal Mega Mart Ltd. to payment solutions provider One MobiKwik Systems Ltd. will have their shareholder lock-in of various time frames ending in today’s trading session, which will free up nearly 20 crore shares for trading, according to a note by Nuvama Alternative and Quantitative Research. It must be specified though that the shareholder lock-in ending does not mean all the shares will be sold in the open market, but they only become eligible to be traded. Here is a look at these seven companies:
Vishal Mega Mart | A lion’s share of the 19.5 crore shares that will free up for trade belong to Vishal Mega Mart. 15.38 crore shares of the company, or 3% of its outstanding equity becomes eligible to be traded once its three-month shareholder lock-in ends today. The stock has corrected 22% from its post-listing high but remains above its IPO price of ₹79.
One MobiKwik Systems | The parent company of payments solutions provider MobiKwik will also see its three-month lock-in period end on Monday. As many as 46 lakh shares or 6% of the company’s outstanding will become eligible to be traded today. The stock has corrected 61% from its post-listing high of nearly ₹700 and has also slipped below its IPO price of ₹269.
Ajax Engineering | 30 lakh shares or 3% of the company’s outstanding will become eligible to be traded as the one-month lock-in period for the company ends today. The stock is currently trading below its IPO price of ₹629 per share.
Inventurus Knowledge Solutions | The company will see as many as 42 lakh shares or 2% of the outstanding equity become eligible to trade as its three-month lock-in period ends. The stock is also down 22% from its post-listing high but remains above its IPO price of ₹1,329.
Sai Life Sciences | 83 lakh shares or 4% of the outstanding equity of the company will free up to be traded as the three-month lock-in period ends today. The stock is down 13% from its post-listing high of ₹800 but remains above its IPO price of ₹549.
EMS | 20% of the company’s outstanding equity or 1.1 crore shares become eligible for trading today as its shareholder lock-in for one-and-a-half years and beyond ends today. The stock has corrected 40% from its 52-week high of ₹1,016, but remain significantly above their IPO price of ₹211.
Ratnaveer Precision | The last one on the list will also see 20% of its outstanding equity or 98 lakh shares become eligible to be traded. The company’s one-and-a-half-year and beyond shareholder lock-in ends today. The stock is down 53% from its 52-week high and is just about holding above its IPO price of ₹98 per share.
