ICICI Prudential AMC, Urban Company, Fractal Analytics and 6 More Companies to See Shareholder Lock In Expiry

The Indian stock markets are set to see tremendous action this week as over 100 crore shares across 9 companies will become eligible for trading due to expiry of respective shareholder lock-in.

It is important to note that the end of a lock-in period does not necessarily mean that all these shares will be sold in the open market. It only indicates that the shares are now free to be traded if shareholders choose to do so. Below are the companies where lock-in expiries are scheduled this week:

March 16

Around 8.5 million shares, representing about 2% of the company’s outstanding equity, will become eligible for trading on Monday, March 16. Park Medi World shares ended Friday’s session 2.97% lower at ₹192.80. The stock is currently trading about 19% above its IPO price of ₹162.

Nephrocare Health Services will see nearly 2.8 million shares, or 3% of its outstanding equity, become eligible for trading on March 16. The stock closed 4.01% lower on Friday at ₹537.55 and is currently trading roughly 17% above its IPO price of ₹460.

Another company with a lock-in expiry on March 16 is Fractal Analytics. About 6.9 million shares, equivalent to 4% of its outstanding equity, will become eligible for trading. The stock is currently trading about 12% below its IPO price of ₹900 per share.

Aye Finance will see the end of its one-month lock-in period on March 16. As a result, around 17.6 million shares, accounting for 7% of the company’s outstanding equity, will become eligible for trading.

March 17

Urban Company’s six-month and beyond shareholder lock-in period will expire on March 17. This will make approximately 940.9 million shares, or 66% of the company’s outstanding equity, eligible for trading. The stock is currently trading about 7% above its IPO price of ₹103.

The three-month lock-in period for ICICI Prudential Asset Management Company will end on March 17, making about 7 million shares, roughly 1% of the company’s equity eligible to be traded. The stock is currently trading 33% above its IPO price of ₹2,165.

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March 19

Rubicorn Research will see 1.2 million shares, or about 1% of its outstanding equity, become eligible for trading on March 19. The stock closed 4.77% lower on Friday at ₹761 and is currently trading around 57% above its IPO price of ₹485.

Around 2.8 million shares, representing 4% of KSH International’s outstanding equity, will become eligible for trading on March 19. The stock ended Friday’s session 5% lower at ₹392, which is slightly above its IPO price of ₹392.

DevAccelerator will also see its shareholder lock-in period expire on March 19. A total of 33.5 million shares, or about 37% of the company’s outstanding equity, will become eligible to be traded on that day.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.