Shares worth over Rs 3,500 crore are set to exit their respective lock-in periods next week, including fintech One Mobikwik Systems Ltd. and Vishal Mega Mart Ltd.
As much as 6% of equity for One Mobikwik Systems 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 50 lakh shares worth Rs 133 crore will become free to trade on Monday morning.
Vishal Mega Mart will see the largest value of total shares becoming free to trade on March 17 at Rs 1,527 crore.
The 15.4 crore shares set to become eligible for trade represent approximately 3% of the company's total outstanding equity.
Shares of Sai Life Sciences Ltd. and Inventurus Knowledge Solutions Ltd. are also set to exit their lock-in periods on Monday, with 4% and 2% equity becoming eligible for trade, respectively.
Performance Since Listing
Shares of Vishal Mega Mart have gone up 27% from their issue price but fallen 4.7% from their listing price on NSE.
Shares of One Mobikwik Systems have fallen nearly 40% from their listing price on the NSE and 4.8% from their IPO issue price, while those of the International Gemmological Institute have lost 43% of their value since listing.
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