Shares of companies like Swiggi, Ola Electric and Acme Solar declined up to 9% on Monday. The lock-in period for shareholders investing before IPO in these companies is ending this week. Due to this, there has been a decline in their shares. The lock-in period is ending for shareholders of at least 11 companies this week. Due to this, about 285.7 crore shares of these companies will now be available for business in the market.
Due to the expiration of the lock-in period, investors have started worrying that the heavy arrival of these shares may put pressure on their prices in the market. Due to this, these stocks saw a decline of 5 to 9% today. Experts believe that if the large shareholders of these companies sell their share in the coming days, it can put further pressure on the shares of the companies.
Although according to brokerage firm Nuwama Alternative and Quantative Research, these shares will not be immediately sold in the stock market, but it is definitely that they will be available for trading.
How many shares will be free of companies?
1. SWIGGY 6.5 crore shares (3%of the total equity of the company)
The lock-in period of 6.5 crore shares of Swigi has ended on 10 February. This is equal to about 3% equity of the company.
2. Ola Electric Mobility
The lock-in period of 196.2 crore shares of Ola Electric Mobility is ending on February 10, after which they will be available for business. This is 44% of the total equity of the company.
3. Acme Solar Holdings
The lock-in period of about 2.3 crore shares of this company has ended from Monday 10 February. This is about 4 percent of the company’s total equity.
4. Niva Bupa Health Insurance
The lock-in period of 6.7 crore shares of Niva Bupa Health Insurance has ended on 10 February. This is equal to about 4% equity of the company.
5. Unicommerce esolutions
The lock-in period of 4.5 million shares of Unicomers Isoluces ends on February 10, after which they will be available for business. This is 44% of the total equity of the company.
6. Ceigall India
The lock-in period of about 10.8 crore shares of this company has ended from Monday 10 February. This is about 62 percent of the company’s total equity.
7. Brainbees 33.5 crore shares (69%of total equity)
The lock-in period of 33.5 crore shares of brainbies has ended on 10 February. This is equal to about 69% of equity of the company.
8. Quadrant Future Tek
2 million shares of this company will be available for business from Monday 10 February. This is about 6 percent of the company’s total equity.
9. SBFC Finance (SBFC Finance) 22.5 crore shares (21%of total equity)
The lock-in period of 22.5 million shares of SBFC Finance is ending on February 11, after which they will be available for business. This is 21% of the total equity of the company.
10. Concord Biotech 2.1 crore shares (20%of total equity)
The lock-in period of about 2.1 crore shares of this company is going to end this week. This is about 20 percent of the company’s total equity.
11. Standard Glass Lining Tech
After the lock-in period ends, 40 lakh shares of Standard Glass Lining Tech will be available for business. This is about 2 percent of the company’s total equity.
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