WeWork India, Bajaj Housing Finance and 3 More Companies See Lock-In Expiry Worth ₹1.15 Lakh Crore

Shares of five companies, WeWork India Ltd., Tata Capital Ltd., BMW Ventures Ltd., Bajaj Housing Finance Ltd., and Advance Agrolife Ltd will become eligible for trading as their shareholder lock-in periods end on Monday, April 13.

Based on Friday’s closing prices, shares worth nearly ₹1.15 lakh crore will be unlocked. However, the expiry of the lock-in does not necessarily mean immediate selling, but simply that these shares can now be traded in the open market.

WeWork India: 45% Equity Becomes Tradable

WeWork India Ltd. will see its six-month lock-in period expire, with around 59.9 million shares, representing 45% of its outstanding equity, becoming eligible for trading. These shares are valued at approximately ₹2,814 crore. The stock is currently trading about 26% below its issue price of ₹648 per share.

Tata Capital: Largest Unlock in Value Terms

Tata Capital Ltd. will witness the largest unlock among the five companies. Around 2,858.4 million shares, or 67% of its equity, will become eligible for trading, with a total value of ₹93,755 crore. The stock closed just above its IPO price of ₹326 per share on Friday.

BMW Ventures

BMW Ventures Ltd. will have 45.8 million shares, or 53% of its equity, freed up for trading. These shares are valued at about ₹265 crore. The stock continues to remain weak, trading nearly 41% below its issue price of ₹99 per share.

Bajaj Housing Finance

Bajaj Housing Finance Ltd. will see 25% of its equity, or 2,100 million shares, become eligible for trading. The value of these shares stands at ₹17,976 crore. After hitting a low close to its issue price of ₹70, the stock has seen some recovery recently, though it remains over 50% below its post-listing high of ₹188.5.

Also Read: Swiggy Shares in Focus: Nandan Reddy Steps Down from Board

Advance Agrolife

Advance Agrolife Ltd. will see 50% of its equity, or 32.1 million shares, unlocked, with a total value of ₹343 crore. Supported by a recent surge, the stock managed to close above its issue price of ₹100 per share.

While most of these companies are trading below their issue prices, Bajaj Housing Finance Ltd., Advance Agrolife Ltd., and Tata Capital Ltd. are hovering around or slightly above their IPO levels, reflecting a mixed post-listing performance ahead of the lock-in expiry.

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 or 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 related documents carefully before investing.