66 companies are set to see the lock-in period for pre-listing shareholders lifted between March 4 and June 29. This amounts to $21.1 billion in value terms. The value pertains to the total lock-up opening shares, but not all the shares may be sold, as a sizable portion is also held by promoters and group entities View More

An analysis by Nuvama Professional Clients Group showed that a total of 66 companies are slated to see the lock-in period for pre-listing shareholders lifted between March 4 and June 29. In value terms, it amounts to $21.1 billion. The value pertains to the total lock-up opening shares, but not all the shares may be sold, as a sizable portion of these shares are also held by promoters and group entities, Nuvama said. In March, the one-month lock-in period will expire for six stocks – BLS E-Services , Apeejay Surrendra Park Hotels , Jana Small Finance Bank , Rashi Peripherals , Capital Small Finance Bank , and Vibhor Steel Tubes . Shares of BLS E-Services are up 181% from the issue price, while those of Apeejay Surrendra are up 41%. The lock-in period for 13 million shares or 6% equity in Apeejay Surrendra Park Hotels will expire on March 11. For Jana Small Finance Bank and Rashi Peripherals, it expires on March 13. For Capital Small Finance Bank, the lock-in period expires on March 14 for 1.7 million shares or 4% equity, and for Vibhor Steel Tubes, it expires on March 18, according to the Nuvama report. The 3-month lock-in period will expire for as many as 12 stocks in March. For India Shelter Finance, DOMS Industries , Inox India , and Entero Healthcare Solutions , the 3-month lock-in period will expire on March 18. Most of these IPOs had received overwhelming responses and also clocked strong listing gains. On March 20, the lock-in period will expire for Motisons Jewelers and Muthoot Microfinance, while for Suraj Estate Developers , Happy Forgings , and Credo Brands, it expires on March 21. Then, for RBZ Jewelers and Azad Engineering , it expires on March 25, and for Innova Captab on March 26. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)