37 stocks lock-in period ends this year; these 10 scrips lock-in period will end in September
IPO lock-in period: Starting Friday until December 2023, as many as 37 stocks will get free from their lock-in periods, according to a report by Zee Business.
IPO lock-in period: The domestic market saw a flood of initial public offerings (IPOs) this year, and the momentum is likely to continue. As the flow continues, starting Friday until December 2023, as many as 37 stocks will get free from their lock-in periods, according to a report by Zee Business. Promoters and anchor investors have a mandatory lock-in period for their respective investments, before which they cannot sell their holdings. After the lock-in period ends, the respective investors or promoters can then sell the shares they own in the company.
As numerous lock-in periods will be lifted until December this year, a total of 227 crore shares in different tenures of 37 companies will be up for grabs for investors. Out of 227 crore shares, 126 crore shares are held by Life Insurance Corporation (LIC). LIC's shares, locked at 1.5 to 2 years, will end on November 13. Lock-in will be removed from 20 per cent LIC shares on Monday, November 13.
In September, the lock-in period will end for the following 10 stocks:
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