7 Companies See Lock-in Expiry: Over 150 Million Shares Become Eligible for Trade

A shareholder lock-in period restricts the sale of shares for a certain duration post-listing, often implemented to prevent market volatility. However, the end of the lock-in does not imply that all these shares will immediately enter the market—only that they become eligible for trading.

Let’s take a closer look at the 7 companies experiencing lock-in expiry on Monday, March 3.

1. Dr Agarwal’s Eye Hospital

Dr Agarwal’s Eye Hospital, a relatively recent listing, has remained largely stable around its IPO price. On Monday, approximately 1.1 crore shares (3% of its outstanding equity) will become eligible for trade.

2. Ecos (India) Mobility

Ecos (India) Mobility will see 3 crore shares (50% of its outstanding equity) becoming eligible to trade as its 6-month lock-in expires. Since its post-listing high of ₹593, the stock has suffered a sharp 70% decline.

3. Orient Technologies

With its six-month lock-in coming to an end, 8 lakh shares (2% of its outstanding equity) will become available for trade. The share price of Orient Technologies has declined by half from its post-listing peak.

4. Exicom Telesystems

Once a much-hyped IPO, Exicom will witness the end of its 1-year lock-in, making 4.35 crore shares (36% of its outstanding equity) eligible for trade. The stock has seen a 70% correction from its post-listing high and is now trading close to its IPO price of ₹142.

5. Vishnu Prakash R Punglia

A significant 2.5 crore shares (20% of its outstanding equity) will become eligible for trading as its 1.5-year lock-in expires. Despite being 53% below its post-listing peak, Vishnu Prakash R Punglia continues to trade 60% above its IPO price of ₹99.

6. Aeroflex Industries

Aeroflex Industries will see 2.6 crore shares (20% of its outstanding equity) becoming tradable as its extended lock-in period ends. The stock has experienced a 37% decline from its post-listing high of ₹272.

7. Pyramid Technoplast

As its 1.5-year lock-in period expires, 74 lakh shares (20% of its outstanding equity) will be free for trade. Pyramid Technoplast has dropped 35% from its peak price of ₹259.

Conclusion

The expiry of lock-in periods often brings liquidity to stocks but does not necessarily mean immediate selling pressure. Investors typically monitor such events to gauge potential supply influx and price movements. As these 7 stocks become eligible for trading, market participants will be keenly watching their performance in the coming days.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.