Dam Capital To Samhi Hotels: Shares Worth Nearly Rs 3,000 Crore To Exit Lock-Ins On Monday

Shares worth over Rs 2,978 crore are set to exit their respective lock-in periods on Monday including Dam Capital Advisors Ltd. and Samhi Hotels Ltd.

As much as 6% of equity for Dam Capital Advisors is set to become eligible for trade as they exit the second lock-in expiry period for anchor investors, set at 90 days post the date of allocation.

As many as 44 lakh shares of Dam Capital Advisors worth Rs 101 crore will become free to trade on Monday morning.

As much as 16% of the equity or 3.44 crore shares worth Rs 519 crore will become free to trade on Monday morning of Samhi Hotels.

Northern Arc Capital will see the largest value of total shares becoming free to trade on March 24 at Rs 1,730 crore.

The 9.89 crore shares set to become eligible for trade represent approximately 61% of the company's total outstanding equity.

Western Carriers Ltd. will also see the value of total shares becoming free to trade on March 24 at Rs 435 crore.

The 5.3 crore shares set to become eligible for trade represent approximately 52% of the company's total outstanding equity.

Shares of Sanathan Textiles Ltd., Mamata Mamata Machinery Ltd., and Concord Enviro System Ltd. are also set to exit their lock-in periods on Monday, with 3%, 4%, and 5%, equity becoming eligible for trade, respectively.

Performance since listing

Several of these newly listed stocks have been facing significant corrections since their debut on the exchanges

Dam Capital Advisors Ltd., Western Carriers Ltd., and Northern Arc Capital Ltd. have each plunged nearly 50% from their listing and all-time high prices. 

Mamata Machinery Ltd. and Concord Enviro Systems Ltd. have seen declines of approximately 40% and 35%, respectively, from their listing prices. 

Sanathan Textiles Ltd. initially dropped 12% from its listing price but has since rebounded 15% from its all-time low of Rs 300. 

Samhi Hotels Ltd. has also been on a downward trend, falling 27% since its debut. 

Overall, many of these stocks have struggled post-listing, experiencing significant corrections from their peaks.