look news india
Ahmedabad: In the next few days, 262.8 crore shares of at least 46 companies will be available for sale in the stock market. According to a report by Nuvama Alternative and Quantitative Research, the lock-in period of 262.8 crore shares will expire between June 24 and September 30, 2024. The total estimated value of the shares whose lock-in expires is $11.9 billion.
However, the point to note here is that the end of the lock-in period does not mean that all those shares will be sold in the market. All these shares will only be eligible for sale. The decision to sell or not sell the shares is at the discretion of the shareholder.
Out of these 262 crore shares that are to be released, 127.5 crore shares belong to JSDBU Infra. The lock-in period of the shares of this company will end on 30 September this year. 127.5 crore shares are 61 percent of the total share capital of the company.
Within eight months of listing, JSDLBU Infra shares have more than tripled from its IPO issue price of Rs 110.
Among the newly listed companies, Office Space Solutions, Kronox Lab Science and Le Travenues Technologies have had their one-month lock-in period extended to July 15. Bharti Hexacon's 3-month lock-in period will end on July 8. This was the first company listed on the stock market by Bharti Group after more than a decade.
3 percent of its total equity capital will be eligible for trading after the completion of the lock-in period. Apart from this, the 3-month lock-in period of shares of Aadhar Housing Finance, Go Digit and Indigen is also going to end.
Apart from this, 15.2 crore shares of Jyoti CNC or 67 per cent of the outstanding equity will be available for trading on July 16. The remaining stocks in the list include APJ Surrendra Park, Rashi Peripherals and BLS E Services.