Based on the number of outstanding shares and the current market price, the amount of shares of these three companies that free up for trade once the shareholder lock-in ends is valued at ₹6,923 crore.
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1 / 11Shares of Billionbrains Garage Ventures Ltd., Lenskart Solutions Ltd., Urban Company Ltd., Pine Labs Ltd., Orkla India Ltd., along with other companies, Prostarm Info Systems Ltd., and Studds Accessories Ltd., will see their respective shareholder lock-in periods come to an end in December.
2 / 11Based on the number of outstanding shares and the current market price, the amount of shares of these three companies that free up for trade once the shareholder lock-in ends is valued at ₹6,923 crore.
3 / 11It must be noted that the shareholder lock-in period ending does not mean all the shares will be sold in the open market, but they only become eligible to be traded. Lets take a look at the companies in detail:
4 / 11Orkla India: According to Nuvama Alternative & Quantitative Research, Orkla India will see 34 lakh shares free up for trade as its one-month shareholder lock-in ends. The number of shares that will free up for trade amount to 2% of the company’s outstanding equity.
5 / 11Studds Accessories: The company will see 12 lakh shares free up for trade as its one-month shareholder lock-in ends. The number of shares that will free up for trade amount to 3% of the company’s outstanding equity.
6 / 11Prostarm Info Systems: The company will see 3.11 crore shares free up for trade as its six-month and beyond shareholder lock-in ends. The number of shares that will free up for trade amount to 53% of the company’s outstanding equity.
7 / 11Pine Labs: The company will see 1.98 crore shares free up for trade as its one-month shareholder lock-in ends. The number of shares that will free up for trade amount to 2% of the company’s outstanding equity.
8 / 11Lenskart: The company will see 4.07 crore shares free up for trade as its one-month shareholder lock-in ends. The number of shares that will free up for trade amount to 2% of the company’s outstanding equity.
9 / 11Groww: The company will see 14.92 crore shares free up for trade as its one-month shareholder lock-in ends. The number of shares that will free up for trade amount to 2% of the company’s outstanding equity.
10 / 11Pine Labs: The company will see 3.97 crore shares free up for trade as its one-month shareholder lock-in ends. The number of shares that will free up for trade amount to 3% of the company’s outstanding equity.
11 / 11Urban Company: The company will see 4.15 crore shares free up for trade as its three-month shareholder lock-in ends. The number of shares that will free up for trade amount to 3% of the company’s outstanding equity.
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