Shares of 16 companies, with a combined valuation exceeding ₹11,900 crore, will free up for trade this shortened week as their shareholder lock-in periods expire, according to Nuvama Alternative.
However, shares of 10 of the 16 companies are currently trading below their IPO prices, while one is trading exactly at its issue price as of Friday’s close.
Here’s a complete list of companies shares opening up for trade this week –
Monday, December 22
Four companies—VMS TMT, IValue Infosolutions, International Gemmological Institute, and BLS E-Services—are set to witness the expiry of their respective shareholder lock-in periods on Monday.
VMS TMT: Around 1.4 million shares, representing 3% of the company’s outstanding equity and valued at ₹7.28 crore, will become available for trading following the end of its three-month lock-in, according to Nuvama Alternative & Quantitative Research.
IValue Infosolutions: Approximately 2.8 million shares, or 5% of the company’s outstanding equity, will be released for trading on Monday as its three-month shareholder lock-in concludes.
International Gemmological Institute: More than 244.4 million shares—accounting for 57% of the company’s outstanding equity and valued at ₹7,735 crore—will be unlocked for trading on Monday.
BLS E-Services: About 2 million shares, or 2% of the company’s outstanding equity, worth ₹41.4 crore, will be freed up for trading upon the expiry of the lock-in period on Monday.
(This is a developing story)
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
