Over 23 crore shares of 13 companies ranging from recent listings like IdeaForge Ltd. to earlier ones like Mazagon Dock Shipbuilders Ltd. and Angel One Ltd. will be eligible for trading as their lock-in period over various timeframes ends in October.

Share Market Live

NSE

CNBC-TV18 had reported earlier in August, citing a Nuvama Alternative and Quantitive Research report that 227 crore shares of 37 companies will have their lock-in periods ending until the end of 2023.

However, it needs to be specified that end of the lock-in period means those shares will only get eligible for trading and does not necessarily mean they would be sold in the market.

Majority of the stocks in this list are the recent listings of the year, stocks which debuted on the bourses in July and August. Stocks like Cyient DLM, Senco Gold have all given healthy returns to shareholders and they will have their three-month lock-in period ending this month, which will free up 2 percent to 6 percent of their outstanding shares, making them eligible for trading.

Three-Month Lock-In Period Ending

IdeaForge's shares will also be in focus as the stock has seen a substantial correction from its listing day pop. Shares of the drone manufacturing company, which on its listing day high was up 100 percent from its IPO price of Rs 672, is already down 35 percent from those levels.

Six-Month Lock-In Period Ending

In this list, three companies will have between 18 percent to 50 percent of their outstanding shares that will become eligible for trading. This list also includes Udayshivakumar Infra which is one of the only IPOs of the year that are trading below or around their IPO price.

One-Year Lock-In Period Ending

Tracxn Technologies is the only company whose one-year lock-in period ends in the month of October. 3.9 crore shares or 38 percent of the company's outstanding equity will become eligible for trading on October 18. The stock has been one of the underperforming IPOs of last year and is also currently trading below its IPO price of Rs 80.

18-24 Month Lock-In Period Ending

This list also has only one stock, Veranda Learning, whose 1.1 crore shares or 20 percent of the company's outstanding equity will become eligible for trading on October 9. Although the stock is still 46 percent above its IPO price, it has seen a substantial correction (44 percent) from its 52-week high of Rs 360.

Three-Year Lock-In Period Ending

Shares of broking firm Angel One Ltd. and state-run Mazagon Dock shipbuilders will be in focus during the first and second week of October as their respective three-year lock-in period ends then.

Once the lock-in period ends, 1.6 crore shares or 20 percent of Angel One's outstanding equity will get eligible for trading.

On the other hand, shares of Mazagon Dock will also be in focus as its three-year lock-in period ends on October 9. With the end of this lock-in period, 4 crore shares of the company will be eligible for trading purposes. The number of shares also amount to 20 percent of the company's outstanding shares.

You can read more on both these companies here.

First Published:Oct 2, 2023 9:32 AM IST