IPO lockup expires for NTPC Green, Swiggy, Sagility and 47 other companies that will issue shares worth $14 billion

According to a report published by Nuvama Alternative & Quantitative Research. This will likely result in $13.9 billion worth of shares being released into the secondary market between November 28 and January 31.

According to Nuvama Alternative and Quantitative Researchthese shares represent assets that were previously restricted from trading due to mandatory lock-up agreements. However, “not all of these shares will go on sale as a significant portion of these shares are owned by Promoter & Group,” the report explains.

The lock-up period for an IPO is a set period during which certain investors cannot sell their shares. This rule helps maintain a stable share price and gives the company time to become comfortable in the market after going public. The lock-in period varies for promoters, anchor investors and other shareholders.

Recent IPOs with lock-up period opening

Breakdown of IPOs by month according to the report:

Opening of blocking of shares for a period of one month

The shares of Afcons Infrastructure, ACME Solar Holdings, Niva Bupa Health Insurance, NTPC Green Energy, Sagility India, Swiggy and Zinka Logistics will expire in a month. Around 65 million shares (3% of issued capital) of Swiggy will come out of lock-up ahead of its IPO on December 11, the report said.

Opening of three-month stock lock-up

A total of 24 companies will see the three-month IPO lock-up period expire. These include Premier Energies, Ecos (India) Mobility, Baazar Style, Gala Precision, Shree Tirupati Balajee, Kross, Bajaj Housing Finance, Tolins Tires, PN Gadgil Jewellers, Northern Arc Capital, Western Carriers, Arkade Developers, Manba Finance, KRN Heat Exchanger. , Diffusion Engineers, Garuda Construction and Engg, Hyundai Motor India, Deepak Builders & Engineers, Waaree Energys, Godavari Bio Refineries, Afcons Infrastructure and Swiggy.

Opening of blocking of shares for a period of five and six months

Awfis Space Solutions, Kronox Lab Sciences, Le Travenues Technology, DEE Development Engineers, Stanley Lifestyles, Akme Fintrade, Allied Blenders and Distillers, Vraj Iron and Steel, Bansal Wire Industries, Emcure Pharmaceuticals and Sanstar Limited will see their five-month or six-month contracts. opening IPO lock-in within the next two months.

Opening of blocking of shares from 1 year and older

Five companies, namely Flair Write Inds, DOMS Industries, Happy Forging, Azad Engineering and Epack Durables, will see the expiration of the one-year lock-in period for their IPO shares.

Additionally, shares of Vintage Coffee And Beverages, Cyient DLM, ideaForge Technology, HMA Agro Inds, Senco Gold, Utkarsh Small Fin and Netweb Tech will see the opening of share lock-up for a period of 1.5 years or more.

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