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Rs 7,000 crore boom! Groww, Lenskart among 7 newly-listed firms to see shareholder lock-in end in December

by theadvisertimes.com
7 months ago
in Business
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Rs 7,000 crore boom! Groww, Lenskart among 7 newly-listed firms to see shareholder lock-in end in December
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Shares of as many as seven newly listed companies could see heightened activity in December as their shareholder lock-in periods expire. At current market prices, the value of stock eligible to trade post-expiry for these firms is estimated at nearly Rs 7,000 crore.

Importantly, the end of a lock-in does not imply that all these shares will immediately be sold, only that they are now permitted to be traded. Here’s a look at the key companies set for an active month ahead.

1.) Groww – The newly listed company, which rallied as much as 94% above its issue price, will see its shareholder lock-in ending on December 10, freeing up 14.92 crore shares or about 2% of the company’s total equity. The stock made its stock market debut on November 12, listing at a 14% premium over the issue price, Nuvama’s alternative and quantitative research report shows.

2.) Lenskart Solutions – India’s leading eye-wear retailer will see about 4 crore shares coming out of the one-month lock-in. That roughly translates to 2% of the total equity. The Peyush Bansal-led company made its stock market debut on November 10, listing at a 3% discount to the issue price. The lock-in ends on December 8.

3.) Urban Company – The company will see 4.15 crore shares free up for trade as its three-month shareholder lock-in ends on December 15. The number of shares that will be free for trade amounts to 3% of the company’s outstanding equity. Urban Company shares have fallen 15% from their debut price of Rs 162 per share. On November 27, Kotak Institutional Equities initiated coverage with a Sell call on the stock.

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4.) Orkla India – According to Nuvama Alternative & Quantitative Research, about 34 lakh Orkla India shares will become freely tradable as its one-month lock-in expires on December 3, representing roughly 2% of the company’s outstanding equity. The Rs 1,667 crore IPO saw a blockbuster subscription, with the overall issue being subscribed 48.7 times, led by strong institutional demand.5.) Pine Labs – The company will have 3.97 crore shares turning freely tradable as its one-month lock-in period concludes on December 8, representing around 3% of its outstanding equity. The Rs 3,900-crore IPO made its stock market debut on November 14, listing at a 9.5% premium. The issue saw 2.48 times subscription, led almost entirely by institutional demand.6.) Studds Accessories – The company will see about 12 lakh shares become freely tradable as its one-month lock-in expires on December 5, accounting for nearly 3% of its outstanding equity. Earlier this year, the helmet maker reported a net profit of Rs 20.6 crore, an 18% increase from Rs 17.5 crore reported in the same quarter of the previous fiscal year. The company’s revenue from operations came in at Rs 154 crore, a jump of over 6% from Rs 149 crore posted in the corresponding quarter of the previous fiscal.

7.) Prostarm Info Systems – The company will have 3.11 crore shares released for trading as its six-month and beyond lock-in period ends on December 5, representing a substantial 53% of its outstanding equity. The shares of Prostarm Info Systems are listed at a 19% premium over its IPO price on June 3, 2025. The stock debuted at Rs 125 on the BSE.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)



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