- 53 newly listed firms face pre-listing lock-in expiries from July to September
- Shares worth about $11 billion may become eligible for trading post lock-in
- Bharat Coking Coal has the largest July unlock with 70% shares worth $1.34 billion
As many as 53 recently listed companies are set to see pre-listing shareholder lock-ins expire between July 6 and September 30, potentially making shares worth around $11 billion eligible for trading, according to an analysis by Nuvama Alternative & Quantitative Research.
However, a lock-in expiry does not necessarily mean all the newly eligible shares will be sold. A sizeable portion is held by promoters and promoter groups, Nuvama cautioned.
July Lock-In Expiries
Several major unlocks are scheduled in July. Bharat Coking Coal will see 325.9 crore shares, equivalent to 70% of its outstanding equity, exit lock-in on July 17. The shares were valued at about $1.34 billion as of July 3, making it the biggest unlock over the next 30 days.
Amagi Media Labs will see 12.1 crore shares, or 56% of outstanding equity, become eligible for trading on July 20. The shares were valued at $677 million. Shadowfax Technologies follows on July 24, when 26 crore shares — 45% of outstanding equity and valued at about $615 million — will exit lock-in.
Other major July unlocks include Smartworks Coworking, where 38% of outstanding shares will become eligible for trading on July 17, and Brigade Hotel Ventures, where 54% will exit lock-in on July 31. Indiqube Spaces will see 34% of its outstanding shares unlock on July 30.
Among stocks that have rallied sharply since listing, Standard Glass Lining Technology will see 20% of outstanding shares exit lock-in on July 13. The stock was trading 101% above its issue price as of July 3. Stallion India Fluorochemicals, which was up 118% from its issue price, will see a 20% unlock on July 27.
Major Share Unlocks In August
The lock-in expiry calendar remains busy in August. Aye Finance will see 14.6 crore shares, or 59% of its outstanding equity, exit lock-in on August 13. A day later, Fractal Analytics will see 8.7 crore shares, equivalent to 51% of its outstanding equity, become eligible for trading.
Clean Max Enviro Energy Solutions has two unlocks scheduled during the month. About 40 lakh shares, or 4% of outstanding equity, will exit lock-in on August 6, followed by another 3.4 crore shares, or 29%, on August 27.
September Unlocks To Watch
September will also see several large lock-in expiries. SEDEMAC Mechatronics will see 1.7 crore shares, or 38% of outstanding equity, unlock on Sept 10, while Shree Ram Twistex will see 1.9 crore shares, or 47%, become eligible for trading on Sept 11.
Later in the month, Innovision will see 54% of its outstanding shares exit lock-in on Sept 23. GSP Crop Science follows on Sept 25 with 2.5 crore shares, or 53% of equity, while Rajputana Stainless will see 4.6 crore shares — 55% of outstanding equity — unlock on Sept 28.
| Company | Lock-In Open Date | Lock-In Shares (mn) | % Of Total Outstanding Shares |
| Indogulf Cropsciences | 06-Jul-26 | 32.5 | 51% |
| CMR Green Technologies Limited | 08-Jul-26 | 4.9 | 2% |
| Hexagon Nutrition Limited | 10-Jul-26 | 4.6 | 4% |
| Indo Farm Equipment | 10-Jul-26 | 9.6 | 20% |
| Standard Glass Lining Tech. | 13-Jul-26 | 39.9 | 20% |
| Om Power Transmission | 14-Jul-26 | 1.3 | 4% |
| Quadrant Future Tek | 14-Jul-26 | 8.2 | 21% |
| Bharat Coking Coal | 17-Jul-26 | 3,259.40 | 70% |
| Smartworks Coworking | 17-Jul-26 | 43.6 | 38% |
| Amagi Media Labs | 20-Jul-26 | 121.1 | 56% |
| Turtlemint Fintech Solutions Limited | 24-Jul-26 | 13.1 | 4% |
| Shadowfax Technologies | 24-Jul-26 | 259.8 | 45% |
| Anand Rathi Share and Stock Brokers | 27-Jul-26 | 0.4 | 1% |
| Stallion India Fluorochemicals | 27-Jul-26 | 15.9 | 20% |
| Advit Jewels Limited | 29-Jul-26 | 1.8 | 4% |
| Waterways Leisure Tourism Limited | 29-Jul-26 | 1.6 | 2% |
| CSM Technologies Limited | 30-Jul-26 | 0.9 | 2% |
| Indiqube Spaces | 30-Jul-26 | 71.2 | 34% |
| Brigade Hotel Ventures | 31-Jul-26 | 205.5 | 54% |
| OnEMI Technology Solution | 04-Aug-26 | 8 | 5% |
| Clean Max Enviro Energy Solutions | 06-Aug-26 | 4.4 | 4% |
| Sri Lotus Developers | 06-Aug-26 | 254.2 | 52% |
| M & B Engineering | 06-Aug-26 | 27.2 | 48% |
| Shanti Gold Int | 06-Aug-26 | 39.5 | 55% |
| Denta Water & Infra | 06-Aug-26 | 5.3 | 20% |
| Aye Finance | 13-Aug-26 | 145.6 | 59% |
| JSW Cement | 13-Aug-26 | 602.7 | 44% |
| Fractal Analytics | 14-Aug-26 | 87 | 51% |
| All Time Plastics | 17-Aug-26 | 32.7 | 50% |
| Ajax Engineering | 17-Aug-26 | 22.9 | 20% |
| Hexaware Technologies | 18-Aug-26 | 121.6 | 20% |
| Vikram Solar | 24-Aug-26 | 122.8 | 34% |
| Shreeji Shipping Global | 25-Aug-26 | 103.8 | 64% |
| Gem Aromatics | 26-Aug-26 | 18.3 | 35% |
| Clean Max Enviro Energy Solutions | 27-Aug-26 | 33.9 | 29% |
| Mangal Electrical Industries | 31-Aug-26 | 15 | 54% |
| PNGS Reva Diamond Jewellery | 02-Sep-26 | 2.7 | 9% |
| Omnitech Engineering | 03-Sep-26 | 7.3 | 6% |
| Anlon Healthcare | 04-Sep-26 | 17.4 | 33% |
| CMR Green Technologies Limited | 07-Sep-26 | 4.9 | 2% |
| Hexagon Nutrition Limited | 08-Sep-26 | 4.6 | 4% |
| Rishabh Instruments | 08-Sep-26 | 7.6 | 20% |
| SEDEMAC Mechatronics | 10-Sep-26 | 16.6 | 38% |
| Shree Ram Twistex | 11-Sep-26 | 18.9 | 47% |
| Amanta Healthcare | 11-Sep-26 | 10 | 26% |
| Jupiter LifeLine Hosp. | 15-Sep-26 | 13.1 | 20% |
| Dev Accelerator | 21-Sep-26 | 14.9 | 17% |
| Turtlemint Fintech Solutions Limited | 22-Sep-26 | 13.1 | 4% |
| Innovision | 23-Sep-26 | 12.9 | 54% |
| GSP Crop Science | 25-Sep-26 | 24.7 | 53% |
| VMS TMT | 25-Sep-26 | 23.4 | 47% |
| CSM Technologies Limited | 28-Sep-26 | 0.9 | 2% |
| Advit Jewels Limited | 28-Sep-26 | 1.8 | 4% |
| Waterways Leisure Tourism Limited | 28-Sep-26 | 1.6 | 2% |
| Rajputana Stainless | 28-Sep-26 | 46 | 55% |
| Saatvik Green Energy | 28-Sep-26 | 57.1 | 45% |
| Awfis Space Solutions | 28-Sep-26 | 0.2 | 0% |
| Powerica | 30-Sep-26 | 1 | 1% |
| JSW Infrastructure | 30-Sep-26 | 420 | 20% |
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
