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Five companies, Midwest Ltd., Capital Infra Trust Ltd., KSH International Ltd., Laxmi Dental Ltd., and Anthem Biosciences Ltd. will have their respective shareholder lock-in periods end this week.
The value of the shares that are being freed up for trade for these five companies is nearly ₹25,000 crore. However, a majority of that share belongs to one company, Anthem Biosciences. Three of these companies will see their lock-in end on Monday, January 19.
It must be noted that the end of the shareholder lock-in period does not mean all the shares will be sold in the open market. They only become eligible to trade. Here's a look at that list:
According to Nuvama Alternative & Quantitative Research, the company will see 0.6 million shares or 2% of its outstanding free up for trade on Monday, when its three-month lock-in period ends.
The total value of those shares is ₹85.62 crore. The stock is currently trading 34% above its IPO price of ₹1,065 per share.
The trust will see 74.7 million units free up for trade as their one-year lock-in period ends on Monday. The number of units that free up for trade amount to 27% of its outstanding equity.
Value of those units that get freed up for trade on Monday is ₹552 crore. The stock trades 26% below its issue price of ₹100 per unit.
The company will see 2.8 million shares or 4% of its outstanding equity free up for trade as its one-month lock-in period ends on Monday.
The total value of those shares that get freed up for trade is worth ₹102.3 crore.
Shares of the company are trading 5% below their issue price of ₹384 apiece.
A stock that has seen significant erosion of value over the last 12 months, Laxmi Dental will see 7.1 million shares or 13% of its outstanding equity free up for trade as its one-year lock-in period ends on Tuesday, January 20.
The value of the shares that get freed up for trade is worth ₹172.2 crore. The stock is currently trading 43% below its issue price of ₹428.
The company with the lion's share of the lock-in value this week is Anthem Biosciences.
As many as 387.2 million shares or 69% of its outstanding equity will free up for trade as its six-month lock-in period ends on Thursday, January 22.
The value of the shares that get freed up for trade is worth ₹23,619 crore. Shares are currently trading 7% above their issue price of ₹570.
The value of the shares that are being freed up for trade for these five companies is nearly ₹25,000 crore. However, a majority of that share belongs to one company, Anthem Biosciences. Three of these companies will see their lock-in end on Monday, January 19.
It must be noted that the end of the shareholder lock-in period does not mean all the shares will be sold in the open market. They only become eligible to trade. Here's a look at that list:
Midwest
According to Nuvama Alternative & Quantitative Research, the company will see 0.6 million shares or 2% of its outstanding free up for trade on Monday, when its three-month lock-in period ends.
The total value of those shares is ₹85.62 crore. The stock is currently trading 34% above its IPO price of ₹1,065 per share.
Capital Infra Trust
The trust will see 74.7 million units free up for trade as their one-year lock-in period ends on Monday. The number of units that free up for trade amount to 27% of its outstanding equity.
Value of those units that get freed up for trade on Monday is ₹552 crore. The stock trades 26% below its issue price of ₹100 per unit.
KSH International
The company will see 2.8 million shares or 4% of its outstanding equity free up for trade as its one-month lock-in period ends on Monday.
The total value of those shares that get freed up for trade is worth ₹102.3 crore.
Shares of the company are trading 5% below their issue price of ₹384 apiece.
Laxmi Dental
A stock that has seen significant erosion of value over the last 12 months, Laxmi Dental will see 7.1 million shares or 13% of its outstanding equity free up for trade as its one-year lock-in period ends on Tuesday, January 20.
The value of the shares that get freed up for trade is worth ₹172.2 crore. The stock is currently trading 43% below its issue price of ₹428.
Anthem Biosciences
The company with the lion's share of the lock-in value this week is Anthem Biosciences.
As many as 387.2 million shares or 69% of its outstanding equity will free up for trade as its six-month lock-in period ends on Thursday, January 22.
The value of the shares that get freed up for trade is worth ₹23,619 crore. Shares are currently trading 7% above their issue price of ₹570.
