As many as 92 recently listed companies are set to see their pre-listing shareholder lock-ins expire between January 16 and April 30, 2026, potentially unlocking shares worth $40 billion, according to a report by Nuvama Alternative & Quantitative Research.

The value represents the total lock-in opening shares, though Nuvama cautioned that not all of these shares may come up for sale, as a significant portion is held by promoters and promoter groups.

High-profile names in focus

Several well-known consumer and new-age companies feature prominently in the lock-in expiry calendar. Among them:

• Lenskart Solutions will see 41 million shares (2% of outstanding shares) unlocked on February 4.
• PhysicsWallah is set for a lock-in expiry of 72 million shares (3%) on February 12.
• Meesho will have 110 million shares (2%) coming out of lock-in on March 9.
• Wakefit Innovations is scheduled to unlock 15 million shares (5%) on March 11.

The report shows a steady stream of lock-in expiries across one-month, three-month and six-month periods post listing. Several companies will see a large proportion of their outstanding shares becoming eligible for trading, particularly in the three-month and six-month categories, where some firms have over 50% of shares unlocking.

Market implication

While the lock-in expiries raise the potential supply of shares in the secondary market, Nuvama emphasised that actual selling pressure will depend on promoter intent, strategic holdings and market conditions, and should not be assumed to translate into immediate exits.

The upcoming lock-in expiries are likely to keep investor focus on price action and liquidity in several newly listed stocks over the next four months.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.