IPO lock-in expiry could bring shares worth $7.6 billion to D-Street
A notable shift is on the horizon as shares from forty-five newly floated companies are set to become tradable shortly. The unlocking, amounting to approximately seven point six billion dollars, is expected to happen from August twelfth through late September. While this gives promoters and anchor investors the chance to divest their previously locked holdings, it's essential to note that this…
Mumbai: As IPO lock-in periods for 45 recently listed companies expire over the next two months, shares worth approximately $7.6 billion are poised to become tradable, according to data from Nuvama Alternative & Quantitative Research. This potential increase in share supply could impact stock prices in the short term, as promoters, anchor investors, and pre-IPO shareholders may choose to sell their holdings.
However, the possibility of sales may also lead to heightened interest in these stocks, as public float expands and the likelihood of global index inclusion rises. Among the most significant unlocks, JSW Cement and Fractal Analytics are set to see shares become tradable, with values of $848 million and $745 million, respectively.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
