Indias stock market is set for a wave of IPO lock-in expiries over the next three months, with shares worth $34 billion from 73 recently listed companies becoming eligible for trading, according to Nuvama Alternative & Quantitative Research. The expiry only makes these shares tradable and does not necessarily mean shareholders will sell them.

IPO investors brace for 73 lock-in expiries worth $34 billion in three months. Will your portfolio be impacted?

Synopsis

India’s stock market is set for a wave of IPO lock-in expiries over the next three months, with shares worth $34 billion from 73 recently listed companies becoming eligible for trading, according to Nuvama Alternative & Quantitative Research. The expiry only makes these shares tradable and does not necessarily mean shareholders will sell them.

The Indian stock market will see a surge in IPO lock-in expiries over the next three months, with shares of 73 newly listed companies worth $34 billion becoming eligible for trade when their mandatory shareholder lock-in periods expire, according to Nuvama Alternative & Quantitative Research.

The value represents the worth of the total number of shares freed up for trade after lock-in periods of different time frames expire. However, it is worth noting that this only implies that they will become eligible for trade and doesn't imply that they will necessarily be sold in the primary market.

The first set of lock-in expiries among the pack will begin on May 20 (Wednesday) with Emmvee Photovoltaic Power, Fujiyama Power Systems, and Capillary Technologies, whose six-month lock-in periods are set to expire. The three stocks had been listed on the stock exchanges NSE and BSE back in November 2025.

Next, 30 lakh shares of Gaudium IVF and Women Health will be free for trade after the three-month lock-in period expires on May 26 (Tuesday), following their listing in February this year. India’s secondary market will see three lock-in expiries on May 27 (Wednesday). Around 40 lakh shares of Clean Max Enviro Energy Solutions worth $58 million will become eligible for trade after the three-month lock-in period expires. Sudeep Pharma and Borana Weaves will meanwhile undergo six-month lock-in expiries.

Around 20 lakh shares of PNGS Reva Diamond Jewellery worth $8 million will see their three-month lock-in periods expire on May 29, before the month ends.

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June will begin the three-lock-in expiries on the first day itself - Omnitech Engineering (40 lakh shares worth $16 million), Belrise Industries (47.1 crore shares worth more than $1 billion), Enviro Infra Engineers (3.7 crore shares worth $73 million) and Leela Hotels operator Schloss Bangalore (18.7 crore shares worth $799 million).

Wakefit Innovations lock-in expiry

Wakefit Innovations will see 40 lakh shares worth $6 million become eligible for trade on June 3, while another 16.1 crore shares worth $231 million will free up for trade on June 12, according to Nuvama.

Sedemac Mechatronics will undergo a one-month expiry, and Aegis Vopak Terminals will undergo a six-month lock-in expiry on June 8. Around 14.6 crore shares of Aequs, worth $298 million, will meanwhile free up for trade on June 9.

Meesho lock-in expiry

More than 308 crore shares of Meesho worth over $6 billion will be free for trade as the six-month lock-in period expires. The stock made a strong market debut in December last year, listing with 46% premium over the IPO price at Rs 162 apiece on NSE. The shares of the retailer quickly rallied 57% to hit a 52-week high level of Rs 254.40 apiece, the same month. However, the stock has erased all gains and is significantly below the listing price, trading near Rs 193 apiece.

Along with Meesho, ICICI Prudential AMC and Suraksha Diagnostic shares will also undergo lock-in expiries. India’s secondary market will see several other IPO lock-in expiries in June. These include Vidya Wires, Corona Remedies, Ikio Lighting, Park Medi World, Nephrocare Health Services, Vishal Mega Mart, Sai Life Sciences, Inventurus Knowledge Solutions, One Mobikwik Systems, and GSP Crop Science, according to Nuvama.

Take a look at all the lock-in expiries taking place in the next 30 days, according to the report.

While $34 billion worth of lock-in expiries grabs eyeballs, Nuvama highlighted that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and promoter groups.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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