Six companies to see equity worth ₹64,000 crore free up this week; 85% belongs to one stock

As many as six companies, Deepak Builders, Afcons Infra, Emmvee Photovoltaic, Studds Accessories, Lenskart Solutions and Orkla India, will see their respective shareholder lock-ins end this week. The cumulative value of the shares that will free up for trade is worth nearly ₹64,000 crore, based on their respective closing price levels from last Thursday. Of this, nearly 85% of that value belongs to only Lenskart.

By Hormaz Fatakia

As many as six companies, Deepak Builders, Afcons Infra, Emmvee Photovoltaic, Studds Accessories, Lenskart Solutions and Orkla India, will see their respective shareholder lock-ins end this week. The cumulative value of the shares that will free up for trade is worth nearly ₹64,000 crore, based on their respective closing price levels from last Thursday. Of this, nearly 85% of that value belongs to only Lenskart.

It must be noted that the end of the shareholder lock-in does not mean that all those shares will be sold in the open market. They only become eligible to be traded. Four out of the six companies in this list are trading below their respective issue price. Here's a look at the list in greater detail:

Deepak Builders | According to Nuvama Alternative & Quantitative Research, as many as 9.3 million shares or 20% of the company's outstanding equity will free up for trade when its one-and-a-half year and beyond lock-in period opens on Monday, May 4. The total value of those shares that free up for trade is ₹79.5 crore. Based on Thursday's closing price, the stock trades nearly 60% below its issue price of ₹203 per share.

Afcons Infra | Another company on the list that will see 20% of its outstanding equity free up for trade on Monday, when its one-and-a-half-year and beyond lock-in opens. The total value of the 73.6 million shares that open up for trade, based on Thursday's closing price, is ₹2,487 crore. The stock, as of last Thursday, trades 27% below its issue price of ₹463.

Studds Accessories | The company will see 60% of its outstanding equity free up for trade on Thursday, May 7, when 23.7 million shares will be released, according to Nuvama Alternative. The value of those shares, based on Thursday's closing, is worth ₹1,175 crore. The stock trades 15% below its issue price of ₹585.

Emmvee Photovoltaic | An outperformer from April, Emmvee will see 1% of its outstanding equity, or 4.6 million shares free up for trade on Friday, May 8. The total value of those shares is worth ₹120.5 crore. Emmvee rebounded after retesting its issue price of ₹217 in April, and currently trades 21% above those levels.

Lenskart Solutions | The company that garners the lion's share of the value of shares that free up this week, Lenskart will see 1,047.4 million shares, or 60% of its outstanding equity free up for trade on Friday, May 8, when its six-month shareholder lock-in ends. The total value of those shares, based on Thursday's closing price, is ₹54,150 crore. The stock currently trades 29% above its issue price of ₹402 apiece.

Orkla India | The last one on the list, Orkla India has received some positive brokerage coverage recently but still trades below its issue price. 86.7 million shares or 63% of outstanding equity will free up for trade on Friday, May 8, when its six-month shareholder lock-in ends. The total value of those shares is worth ₹5,540 crore. The stock is still 12% below its issue price of ₹730 per share.