 "Mankind Pharma, Bajaj Housing, Ola Electric, 40 others to exit IPO lock-in")
India's primary markets have witnessed a surge in growth this year, with 118 companies debuting through initial public offerings (IPOs). BSE data shows that 62 mainline IPOs, and 56 BSE SME IPOs have listed successfully in 2024.
According to a report by brokerage firm Nuvama, the next phase of unlocking is underway, with 43 companies – including Bajaj Housing Finance, Mankind Pharma, KRN Heat Exchanger, Ola Electric Mobility, and Bharti Hexacom set to exit their pre-listing shareholder lock-in period. This will release shares valued at USD 18.8 billion into the market between October 8, 2024, and December 31, 2024.
Here is the complete list of stocks exiting their IPO lock-in period:
1-month share lock-in opening:
- Shree Tirupati Balajee: Lock-in opens on October 10, 2024, with 3 million shares (4 per cent of total shares).
- Tolins Tyres: Lock-in opens on October 14, 2024, with 2 million shares (4 per cent).
- Bajaj Housing Finance: Lock-in opens on October 14, 2024, with 126 million shares (2 per cent).
- Kross: Lock-in opens on October 14, 2024, with 3 million shares (5 per cent).
- P N Gadgil Jewellers: Lock-in opens on October 14, 2024, with 3 million shares (3 per cent).
- Western Carriers: Lock-in opens on October 21, 2024, with 4 million shares (4 per cent).
- Arkade Developers: Lock-in opens on October 21, 2024, with 5 million shares (3 per cent).
- Northern Arc Capital: Lock-in opens on October 21, 2024, with 1 million shares (0.4 per cent).
- Manba Finance: Lock-in opens on October 28, 2024, with 2 million shares (4 per cent).
- KRN Heat Exchanger: Lock-in opens on October 31, 2024, with 2 million shares (4 per cent).
- Diffusion Engineers: Lock-in opens on November 4, 2024, with 1 million shares (4 per cent).
3-month share lock-in opening:
- Sanstar: Lock-in opens on October 22, 2024, with 8 million shares (4 per cent).
- Akums Drugs and Pharma: Lock-in opens on October 31, 2024, with 6 million shares (4 per cent).
- Ceigall India: Lock-in opens on November 4, 2024, with 5 million shares (3 per cent).
- Ola Electric Mobility: Lock-in opens on November 5, 2024, with 182 million shares (4 per cent).
- Unicommerce Esolutions: Lock-in opens on November 7, 2024, with 6 million shares (6 per cent).
- Brainbees: Lock-in opens on November 11, 2024, with 20 million shares (4 per cent).
- Interarch Building Products: Lock-in opens on November 20, 2024, with 1 million shares (6 per cent).
- Orient Technologies: Lock-in opens on November 25, 2024, with 2 million shares (4 per cent).
- Premier Energies: Lock-in opens on November 28, 2024, with 9 million shares (2 per cent).
- Ecos (India) Mobility: Lock-in opens on December 2, 2024, with 3 million shares (4 per cent).
- Baazar Style: Lock-in opens on December 3, 2024, with 3 million shares (4 per cent).
- Gala Precision: Lock-in opens on December 4, 2024, with 0.5 million shares (4 per cent).
- Shree Tirupati Balajee: Lock-in opens on December 9, 2024, with 3 million shares (4 per cent).
- Tolins Tyres: Lock-in opens on December 13, 2024, with 2 million shares (4 per cent).
- Bajaj Housing Finance: Lock-in opens on December 12, 2024, with 126 million shares (2 per cent).
- Kross: Lock-in opens on December 11, 2024, with 3 million shares (5 per cent).
- P N Gadgil Jewellers: Lock-in opens on December 13, 2024, with 3 million shares (3 per cent).
- Western Carriers: Lock-in opens on December 19, 2024, with 4 million shares (4 per cent).
- Arkade Developers: Lock-in opens on December 20, 2024, with 5 million shares (3 per cent).
- Northern Arc Capital: Lock-in opens on December 19, 2024, with 1 million shares (0.4 per cent).
- Manba Finance: Lock-in opens on December 26, 2024, with 2 million shares (4 per cent).
- KRN Heat Exchanger: Lock-in opens on December 30, 2024, with 2 million shares (4 per cent).
- Diffusion Engineers: Lock-in opens on December 31, 2024, with 1 million shares (4 per cent).
5 & 6-month share lock-in opening:
- Bharti Hexacom: Lock-in opens on October 11, 2024, with 325 million shares (65 per cent).
- JNK India: Lock-in opens on October 30, 2024, with 29 million shares (51 per cent).
- Indegene: Lock-in opens on November 11, 2024, with 193 million shares (80 per cent).
- TBO TEK: Lock-in opens on November 4, 2024, with 1 million shares (1 per cent), and again on November 6, and November 13, 2024, with 66 million shares (60 per cent).
- Aadhar Housing Finance: Lock-in opens on November 18, 2024, with 95 million shares (22 per cent).
- Go Digit General Insurance: Lock-in opens on November 25, 2024, with 552 million shares (60 per cent).
- Awfis Space Solutions: Lock-in opens on November 29, 2024, with 39 million shares (56 per cent).
- Kronox Lab Sciences: Lock-in opens on December 10, 2024, with 20 million shares (53 per cent).
- Le Travenues Technology: Lock-in opens on December 16, 2024, with 284 million shares (73 per cent).
- Akme Fintrade: Lock-in opens on December 31, 2024, with 23 million shares (54 per cent).
- DEE Development Engineers: Lock-in opens on December 24, 2024, with 34 million shares (50 per cent).
- Stanley Lifestyles: Lock-in opens on December 30, 2024, with 2 million shares (3 per cent).
1-Year share lock-in opening:
- IRM Energy: Lock-in opens on November 4, 2024, with 12 million shares (30 per cent).
- Flair Writing Industries: Lock-in opens on November 28, 2024, with 33 million shares (31 per cent), and again on November 30, 2024, with 21 million shares (20 per cent).
- DOMS Industries: Lock-in opens on December 19, 2024, with 27 million shares (45 per cent).
- Happy Forging: Lock-in opens on December 26, 2024, with 55 million shares (59 per cent).
- Azad Engineering: Lock-in opens on December 30, 2024, with 27 million shares (45 per cent).
1.5 years and beyond share lock-in opening:
- Udayshivakumar Infra: Lock-in opens on October 8, 2024, with 11 million shares (20 per cent).
- Avalon Tech: Lock-in opens on October 14, 2024, with 13 million shares (20 per cent).
- Mankind Pharma: Lock-in opens on November 4, 2024, with 80 million shares (20 per cent).