Shares of 6 companies of many companies are going to be unlocked in the stock market from Monday 16th February. The lock-in period applicable after the IPO of these companies is completing, due to which crores of shares will now be eligible for trading in the open market. According to market experts, about 11.9 crore shares of these companies are going to be free for trading. Their value is ₹3,652.94 crore. However, it is important to note that the end of the lock-in period does not mean that all the shares will be immediately sold in the open market. This only means that these shares will now become eligible for trading. The decision on further sale will depend on the strategy of the respective investors or promoters.
Tenneco Clean Air India |1.36 crore shares of the company, which is about 3% of its total equity, will become available for trading from Monday. The three-month lock-in period of these shares is ending. Based on the current market price, their total value has been estimated at approximately Rs 754.8 crore. Interestingly, the stock is trading about 40% above its IPO price, which has given good returns to investors. In such a situation, the market will keep an eye on whether there is profit booking after unlocking or investors would prefer to hold shares.
20 lakh (0.2 crore) shares of JSW Cement Ltd will also become eligible for trading from Monday. This part is part of the lock-in period of six months and above. Based on the current price, the value of these shares is more than Rs 24 crore. Although this unlocking is small in terms of numbers, its impact on the strategy of investors can be seen.
Highway Infrastructure Ltd., a company in the infrastructure sector. We will see a big unlock. 3.88 crore shares of the company, which constitute about 54% of the total equity, will be eligible for trading from February 16. This is linked to the expiry of the lock-in period of six months and above. The value of these shares at the current market price is approximately Rs 215 crore. Unlocking of such a large stake is expected to increase volume and volatility in the stock.
Fujiyama Power Systems Ltd., a company in the energy solutions sector. 0.54 crore shares, equivalent to about 2% of the company’s equity, will be available in the market after a lock-in of three months. Their current market price is around Rs 114 crore. The stock is currently trading about 8% below its IPO price, indicating that investor sentiment remains balanced.
The biggest unlock is Bluestone Jewelery and Lifestyle Ltd. Will be seen in. 5.78 crore shares of the company, which is about 38% of the total equity, will be eligible for trading from Monday. With the expiry of the lock-in period of six months and above, the current value of these shares comes to around Rs 2,518 crore. In terms of value, this is the biggest unlock in this list, on which the market will keep a special eye.