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2 min read | Updated on April 02, 2024, 12:26 IST
SUMMARY
The IPO lock-in period is when investments cannot be sold. The idea behind the lock-in is to allow the newly listed company to stabilise itself before the shareholders can cash out.
The one year lock-in period of Global Surfaces ended on April 1.
A total of 66 companies, including Tata Technologies, IREDA, JSW Infra and Exicom Telesystems, will have their lock-ins lifted between April and July 2024. This will lead to shares worth ₹1.47 lakh crore entering the bourses, Moneycontrol reported.
In an initial public offering (IPO), the lock-in period is a period of time during which investments cannot be sold. The idea behind the lock-in is to allow the newly listed company to stabilise itself before the shareholders can cash out.
For anchor investors, the lock-in period is typically one month for 50% of the shares they own and three months for the remaining shares from the date of allotment. For allotment of up to 20% of the post-issue paid-up capital, the lock-in requirement is 18 months and for allotment exceeding 20%, it is six months for promoters.
Global Surfaces' lock-in period of one year ended on April 1, as per the Moneycontrol report.
The one month lock-in period of eight companies, including Platinum Industries, Bharat Highways Invit, Exicom Telesystems, RK Swamy, Gopal Snacks, Popular Vehicles & Services, Krystal Integrated Services and JG Chemicals, will expire between April 1 and April 18, 2024.
The three-month lock-in period of 22 companies including Jyoti CNC Auto, Mukka Proteins, Epack Durables, Jana Small Finance Bank, Vibhor Steel Tubes and Medi Assist Healthcare will end between April 8 and June 17, the report stated.
Similarly, the lock-in investor period of 38 firms, including IREDA, Honasa Consumer, Inox India, Muthoot Microfin, JSW Infra will expire between April 1 and July 29 after a five and six-month period.
For Bikaji Foods, Landmark Cars, Kfin Technologies, Inox Green and 11 other companies, the 1.5-year investor lock-in period will end between April 15 and July 2.
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