Around four stocks, which recently made their stock market debut – Vikram Solar, Gem Aromatics, Shreeji Shipping and Patel Retail – will be in focus as their three-month lock-in period ends today.
The end of the lock-in period allows these equity shares to be traded, but it doesn’t imply that all of them will automatically be sold in the market.
According to Nuvama Alternative & Quantitative Research, around 1.5 crore shares across these four stocks will be available for trading. At current market prices, the newly tradable shares are valued at approximately ₹410 crore.
Vikram Solar
As per the report, 93 lakh shares—equivalent to 3% of Vikram Solar’s outstanding equity—will be available for trading starting Thursday, as the three-month lock-in period expires today.
According to Wednesday’s closing price, shares worth ₹275.7 crore will become eligible to trade.
Vikram Solar share price has fallen nearly 12% since its listing. The stock closed 5% down at ₹296.50 apiece on Wednesday, November 19.
Gem Aromatics
Gem Aromatics will have 21 lakh shares become available for trading as its three-month lock-in period expires. These shares represent 4% of the company’s total outstanding equity. Around ₹37.4 crore worth shares will eligible to trade.
Gem Aromatics share price has descended nearly 35.60% since its listing in August this year. On Wednesday, the stock closed 1.42% down at ₹177.84 on NSE.
Shreeji Shipping
According to the Nuvama Alternative report, about 24 lakh shares—valued at ₹75 crore—will be free to trade starting Thursday.
These shares represent roughly 2% of the company’s total outstanding equity.
Shreeji Shipping share price have ascended over 23.24% since its listing. The stock closed 0.29% down at ₹311.80.
Patel Retail
A total of 9 lakh shares—equivalent to 3% of the company’s outstanding equity—will become available for trading on Thursday as the three-month lock-in period for shareholders expires.
Nearly ₹20 crore worth shares will become eligible to trade on Thursday.
Patel Retail share price has plunged nearly 17% since its listing. On Wednesday, the stock closed 1.25% down at ₹218.21.
Disclaimer: This story is for educational purposes only.
