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What is the story about?
Wednesday, January 7, will be an important trading session for two stocks, e-commerce player Meesho Ltd. and recent listing Tata Capital, as their respective shareholder lock-in periods come to an end.
As many as 109.9 million shares of Meesho, or 2% of its outstanding equity, will become eligible for trading today after the expiry of its one-month shareholder lock-in, according to Nuvama Alternative & Quantitative Research.
Based on Tuesday's closing price, these shares are valued at around ₹1,997 crore.
Shares of Meesho are still up nearly 64% from their issue price of ₹111, although they are down 28% from their post-listing high of ₹254.
The company made its stock market debut on December 10, listing at a premium to its issue price and closing 53% above the IPO price on the first day of trade.
Meesho's three-day IPO, with an issue size of over ₹5,000 crore, received healthy subscription from both institutional and retail investors.
Shares of Tata Capital, the largest IPO of 2025, will also see the end of their three-month shareholder lock-in period on Wednesday.
About 71.2 million shares, or 2% of the company's outstanding equity, will become eligible for trading.
After remaining locked in a narrow range for much of the last three months, Tata Capital shares have moved above their issue price over the past two weeks, including a gain of over 6% last Friday.
At Tuesday's closing price, the shares coming out of lock-in are valued at around ₹2,573 crore. The stock is now up 11% from its issue price of ₹326.
All seven analysts tracking Tata Capital have a 'Buy' rating on the stock, with price targets going as high as ₹410.
The ₹15,000 crore-plus IPO was fully subscribed by the close of bidding, with the stock debuting around its issue price and continuing to trade within a narrow band thereafter.
Apart from these two stocks, shareholder lock-ins will also end for a few other recently listed names.
Aequs will see 16.7 million shares, or 2% of its outstanding equity, worth about ₹230 crore, become eligible for trading. The stock currently trades 10% above its IPO price.
Vidya Wires will see 8.7 million shares, or 4% of its outstanding equity, worth about ₹44 crore, come out of lock-in, with the stock trading 4% below its issue price.
It must be mentioned that the ending of the shareholder lock-in does not mean that all those shares will be sold in the open market, but they only get eligible to be traded.
As many as 109.9 million shares of Meesho, or 2% of its outstanding equity, will become eligible for trading today after the expiry of its one-month shareholder lock-in, according to Nuvama Alternative & Quantitative Research.
Based on Tuesday's closing price, these shares are valued at around ₹1,997 crore.
Shares of Meesho are still up nearly 64% from their issue price of ₹111, although they are down 28% from their post-listing high of ₹254.
The company made its stock market debut on December 10, listing at a premium to its issue price and closing 53% above the IPO price on the first day of trade.
Meesho's three-day IPO, with an issue size of over ₹5,000 crore, received healthy subscription from both institutional and retail investors.
Shares of Tata Capital, the largest IPO of 2025, will also see the end of their three-month shareholder lock-in period on Wednesday.
About 71.2 million shares, or 2% of the company's outstanding equity, will become eligible for trading.
After remaining locked in a narrow range for much of the last three months, Tata Capital shares have moved above their issue price over the past two weeks, including a gain of over 6% last Friday.
At Tuesday's closing price, the shares coming out of lock-in are valued at around ₹2,573 crore. The stock is now up 11% from its issue price of ₹326.
All seven analysts tracking Tata Capital have a 'Buy' rating on the stock, with price targets going as high as ₹410.
The ₹15,000 crore-plus IPO was fully subscribed by the close of bidding, with the stock debuting around its issue price and continuing to trade within a narrow band thereafter.
Apart from these two stocks, shareholder lock-ins will also end for a few other recently listed names.
Aequs will see 16.7 million shares, or 2% of its outstanding equity, worth about ₹230 crore, become eligible for trading. The stock currently trades 10% above its IPO price.
Vidya Wires will see 8.7 million shares, or 4% of its outstanding equity, worth about ₹44 crore, come out of lock-in, with the stock trading 4% below its issue price.
It must be mentioned that the ending of the shareholder lock-in does not mean that all those shares will be sold in the open market, but they only get eligible to be traded.
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