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List of Stocks Whose Lock-in Periods End in November

27 March 20236 mins read by Angel One
Before the lock-in period ends, promoters and investors cannot sell off the pre-IPO securities that they had been holding. It allows the companies to consolidate their position right after the IPO.
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What is lock-in period in an IPO?

The lock-in period is the time until the end of which investors (including promoters, employees, early investors) of a company that released its IPO, must hold their shares, regardless of the price in the market. This restriction is placed in order to prevent the major investors from offloading their shares the moment prices of the newly issued IPOs see a major jump. 

The period allows the company to stabilise its finances and operations, before full-fledged trading of a large share of its stocks and the related risk exposure can commence. 

The SEBI had recently reduced the required lock-in period from one year to only 6 months. This regulation came into effect on 1st April, 2022. Therefore, there are a lot of companies with varying lock-in periods (such as 12 months or 6 months) that will be releasing a large amount of shares onto the market in November. Such a phenomenon may even decrease the prices of these stocks temporarily due to the oversupply of shares in the market. Investors, therefore, should be aware of which stocks are at the risk of seeing a fall in price in the coming weeks.

Stocks whose lock in periods are about to end

The following is the list of stocks whose lock-in periods are about to end and hence their major shareholders are free to offload the shares into the market:

Campus Activewear 

Current Market Price: ₹568.85 

Issue Price: ₹292

Lock-in period ends on: November 3 

Shareholding exposed: 63.8%

Market Cap: ₹17,261 cr

P/E Ratio (TTM): 138.60.

Prominent Pre-IPO Investors: TPG Growth (7.62%) and QRG Enterprises (1.87%). Promoters Nikhil Agarwal and Hari Krishan Aggarwal will be allowed to sell their stake of 54%.

Rainbow Children’s Medicare 

Current Market Price: ₹706.15 

Issue Price: ₹542 

Lock-in period ends on: November 5 

Shareholding exposed: 22.7% 

Market Cap: ₹7,179 cr 

P/E Ratio (TTM): 31.39

Prominent Pre-IPO Investors: British International Investment (9.29%).

Nykaa 

Current Market Price: ₹1,150.30

Issue Price: ₹1,125 

Lock-in period ends on: November 9 

Shareholding exposed: 67% 

Market Cap: ₹54,739 cr

 P/E Ratio (TTM):1195.59

Prominent Pre-IPO Investors: Harindarpal Singh Banga (6.4%), Steadview Capital Mauritius (3.5%), Narotam Sekhsaria (3.1%), Sunil Kant Munjal (3%), Mala Gaonkar (2.4%), TPG Growth IV (2.3%). Its promoter, Nayar family, will also be eligible to sell their 32.4% stake.

Fino Payments Bank 

Current Market Price: ₹200.35

Issue price: ₹577 

Lock-in period ends on: November 10 

Shareholding exposed: 55% 

Market Cap: ₹1,643 cr 

P/E Ratio (TTM): 32.52

There are no non-promoter locked in shares here. Promoter Fino Paytech, whose major shareholders include BPCL, the ICICI Group and Blackstone, will be able to sell off 4.5 crore shares.

PB Fintech (Policybazaar

Current Market Price: ₹381.80 

Issue Price: ₹980 

Lock-in period ends on: November 10 

Shareholding exposed: 61.70% 

Market Cap: ₹17,258cr

Prominent Pre-IPO Investors: InfoEdge (19.45%), SoftBank (10.2%), Tencent (8.38%), Tiger Global (7.1%) and Falcon Q LP (2.58%). CEO Yashish Dahiya will also be able to sell 75 lakh shares.

One97 Communications (Paytm) 

Current Market Price: ₹642.90 

Issue Price: ₹2,150 

Lock-in period ends on: November 14 

Shareholding exposed: 85.76% 

Market Cap: ₹41,701 cr

Prominent Pre-IPO Investors: Antfin (25%), Softbank (18%), Elevation Capital and SAIF Funds (16%), Berkshire Hathaway (2%) and Alibaba (6%). Founder Vijay Shekhar Sharma will also become eligible to sell his 8.9% stake.

Sapphire Foods 

Current Market Price: ₹1,464.20 

Issue Price: ₹1,180

Lock-in period ends on: November 15 

Shareholding exposed: 43.3% 

Market Cap: ₹9,321 cr

P/E Ratio (TTM): 78.75.

Prominent Pre-IPO Investors: WWD Ruby (9.77%) and Fennel Private (2.77%). Promoter and promoter groups Sagista Realty Advisors, Sapphire Foods Mauritius and Arinjaya (Mauritius) can together sell 31% stake.

Delhivery 

Current Market Price: ₹382.85

Issue price: ₹487 

Lock-in period ends on: November 19 

Shareholding exposed: 82.4%

Market Cap: ₹27,561 cr

Prominent Pre-IPO Investor: Softbank (18.5%), Nexus Partners(9.1%), CPPIB (6%), Tiger Global (5.2%), Steadview Capital (2.69%), Times Internet (3.9%) and Fedex (2.9%).

Tarsons Products 

Current Market Price:₹779.80 

Issue Price: ₹662

Lock-in period ends on: November 23 

Shareholding exposed: 51% 

Market Cap: ₹4,111 cr 

P/E Ratio (TTM): 42

Prominent Pre-IPO Investor: Clear Vision Investment Holdings (23.42%). In addition, the promoters Sanjiv Sehgal and Rohan Sehgal can together offload 27.31% stake.

GoFashion 

Current Market Price: ₹1,400

Issue Price: ₹690 

Lock-in period ends on: November 25 

Shareholding exposed: 46.6%

Market Cap: ₹7,583 cr 

P/E Ratio (TTM): 94.55.

Prominent Pre-IPO Investor: Sequoia Capital (13.88%). Moreover the promoter group, the Saraogi Family Trust, can sell off its 33% stake.

Ethos Watches 

Current Market Price: ₹980 

Issue Price: ₹878

Lock-in period ends on: November 25 

Shareholding exposed: 59% 

Market Cap: ₹2,283 cr

Prominent Pre-IPO Investors: Alchemy Capital (2.19%), Abakkus Growth Fund (1.3%) and Mackertich Consultancy (1.03%). Mukul Agrawal (3.96%), Siddharth Iyer (2.11%) and Pulkit Seksharia (1.17%) will be eligible to liquidate their stakes.

Conclusion

Now that you know about the major stocks whose lock-in periods are ending in November, try choosing which one is the ideal for buying among these stocks. In case you do not have a demat account, try opening one with a trusted online trading platform today!

Disclaimer: This blog has been written exclusively for educational purposes. The securities quoted here are exemplary and not recommendatory.

 

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