IPO Lock-Ins Worth $21 Billion Set to Expire: 38 Company Shares, Including Brainbees and Ceigall, May Enter Market by November

Between today and November 30, shareholder lock-ins worth $21 billion in 38 companies will expire, potentially bringing these shares to the market. However, not all of these shares are expected to be sold, as a significant portion is held by promoters and related groups.

One-Month Lock-In Periods

Five companies have a one-month lock-in period. Ceigall India will be the first to unlock 4.7 million shares, representing 3% of its total outstanding shares. Following this, Unicommerce Esolutions and Brainbees Solutions (the parent company of Firstcry) will unlock 5.8 million and 20.3 million shares, respectively, on September 9. Interarch Building Products and Orient Technologies will see their lock-ins end on September 23 and 25, unlocking 1 million and 1.6 million shares, respectively.

Three-Month Lock-In Periods

According to a report by Nuvama Institutional Equities, sixteen companies have a three-month lock-in period, with six of them unlocking shares this month. These include Le Travenues Technology, DEE Development Engineers, AKME Fintrade, Stanley Lifestyles, Allied Blenders & Distillers, and Vraj Iron and Steel. The remaining companies will have their lock-ins expire in October and November.

5-6 Month Lock-In Periods

Seven companies have a 5-6 month lock-in period expiring this month. On September 11, Platinum Industries will unlock 2.2 million shares, while R K Swamy will unlock 26 million shares on the same day. Other companies in this category include Gopal Snacks, Popular Vehicles and Services, J.G. Chemicals, Mukka Proteins, and Krystal Integrated Services.

Major Unlocks Expected in October and November

In October, Bharti Hexacom will unlock 325 million shares on October 11, and JNK India will unlock 28.5 million shares on October 30. November will see companies like TBO TEK, Indegene, Aadhar Housing Finance, Go Digit General Insurance, and Awfis Space Solutions unlock shares as well.

One-Year Lock-In Expiries

Jupiter Life Line Hospitals and JSW Infrastructure have one-year lock-in periods expiring on September 13 and September 30, respectively. Jupiter will unlock 11 million shares, representing 16% of its total shares, while JSW Infrastructure will unlock a significant 1,275 million shares, or 61% of its equity. Valiant Labs will unlock its shares in October, and IRM Energy and Flair Writing will do so in November.

1.5-Year Lock-In Expiries

Three companies—Udayshivakumar Infra, Avalon Tech, and Mankind Pharma—have 1.5-year lock-ins expiring in October and November.