$14 billion worth of IPO shares set for lock-in expiry to hit Dalal Street by December

A sizeable pool of shares held by pre-listing investors is set to become eligible for release over the next three months, with shareholder lock-ins in 91 companies scheduled to expire between October 5 and December 29. Nuvama Alternative & Quantitative Research estimates that the opening covers shares worth about $14 billion.

However, this represents the total value of shares whose lock-ins are expiring and does not mean the entire pool will necessarily hit the market.

That distinction is important because a sizeable portion of the shares is held by promoters and promoter groups. Nuvama's analysis covers both promoter and non-promoter shareholders in companies listed up to September 30, 2026. The actual supply that emerges will therefore depend on what individual shareholders decide to do after the lock-in period ends.

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Large unlocks concentrated in a few names

Some of the biggest unlocks are clustered around companies where the shares becoming eligible for release represent a substantial portion of the existing share base.

Central Mine Planning & Design Institute is set for a 464-million-share unlock on October 6, equivalent to 65% of its shares. Amir Chand Jagdish Kumar has 62 million shares, or 60%, opening on October 5, while Sai Parenteral has 21 million shares, or 48%, becoming eligible the same day.

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Among the names to watch in October, Rentomojo has 5 million shares, or 4%, opening on October 15. Purple Style Labs has 3 million shares, or 3%, scheduled for October 5. SBI Funds Management has 23 million shares, although that represents only 1% of its shares, with the lock-in ending on October 16.

November and December bring more openings

The flow continues into November and December, with several of the user's specified names appearing in the schedule. Juniper Green Energy has 12 million shares, or 2%, opening on November 2, while Dhoot Transmission has 5 million shares, or 3%, opening on November 11. Milky Mist Dairy Food has 17 million shares, equivalent to 2%, becoming eligible on November 12. NSE of India has 1 million shares, or 0.1%, scheduled for November 20.

The December schedule includes CMR Green Technologies, where 142 million shares, or 65%, are set to unlock on December 9. Turtlemint Fintech Solutions follows with 160 million shares, or 54%, on December 28. Hexagon Nutrition also has 67 million shares, or 54%, opening on December 15.


Disclaimer: This article has been written by Sakshi Kumari, who is not a SEBI-registered Research Analyst or an Investment Adviser. Sakshi Kumari and her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here