Indian Stock Market Faces $55 Billion Lock-in Expiry of 83 IPOs
IPO investors brace for 83 lock-in expiries worth $55 billion in three months. Do you own any?
The Economic TimesImage: The Economic Times
Between May and August, shares worth $55 billion from 83 newly-listed companies in India will become eligible for trade as their lock-in periods expire. The first expiries began with shares from Deepak Builders & Engineers and Afcons Infrastructure, with more significant expiries, including Lenskart and Groww, set to follow.
- 01Total of 83 companies will see shares worth $55 billion become eligible for trade.
- 02Initial expiries began with 90 lakh shares of Deepak Builders & Engineers and 7.4 crore shares of Afcons Infrastructure.
- 03Lenskart's 104.7 crore shares worth $5.6 billion will become available on May 8.
- 04Groww-parent Billionbrains Garage Ventures will see 418.2 crore shares worth $9.4 billion eligible for trade on May 12.
- 05Not all shares will be sold, as many are held by promoters.
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The Indian stock market is set for a significant influx of shares as 83 newly-listed companies will have their lock-in periods expire between May and August this year, totaling approximately $55 billion in value. The first set of expiries began recently with 90 lakh shares of Deepak Builders & Engineers, valued at $8 million, and 7.4 crore shares of Afcons Infrastructure, worth $260 million. On May 8, 104.7 crore shares of Lenskart Solutions, valued at $5.6 billion, will become eligible for trade, following its muted debut last November. Other notable expiries include 418.2 crore shares of Groww-parent Billionbrains Garage Ventures on May 12, which are valued at $9.4 billion. While the total value of shares eligible for trade is substantial, analysts caution that not all will be sold, as many shares are retained by promoters and their groups. The market will witness further expiries from companies like Pine Labs and Niva Bupa Health Insurance throughout May and into the following months.
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The upcoming lock-in expiries could lead to increased trading activity and volatility in the Indian stock market, affecting investors' portfolios and market sentiment.
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