2 hours ago
Outstanding equity of Groww, Ceigall India, PineLabs, Unicommerce eSolutions, Emvee Photovoltaic Power, Physicswallah and JSW Cement will free up for trade this week. Read on for more details:
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As many as seven companies will witness shares worth over ₹8,600 crore free up for trade this week as their shareholder lock-in periods come to an end. These include Groww, Ceigall India, PineLabs, Unicommerce eSolutions, Emvee Photovoltaic Power, Physicswallah and JSW Cement. It must be noted that the shareholder lock-in does not mean all shares will be sold in the open market. They will only become eligible to be traded.
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Groww | As per Nuvama Alternative & Quantitative Research, a total of 149.2 million shares of the company, or 2% of its outstanding equity, will free up for trade on Monday, February 9. At the present market price, these shares are worth ₹2,511 crore. The stock is up 68.3% from its IPO price of ₹100 apiece.
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Ceigall India | As many as 34.8 crore shares, or 20% of the outstanding equity of Ceigall India, will free up for trade on Monday, February 9. At the present market price, these shares are worth ₹1,023 crore. The stock has declined 26.7% from its issue price of ₹401 per share.
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Pine Labs | A total of 39.7 million shares of Pine Labs, or 3% of its outstanding equity, will become eligible for trade on Tuesday, February 10. These are worth ₹864.3 crore at the current market price. The stock is just 1.5% below its IPO price of ₹221 apiece.
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Unicommerce eSolutions | A total of 22.2 million shares, or 22% of Unicommerce eSolutions' outstanding equity, will free up for trade on Tuesday, February 10. These are worth ₹225.3 crore at the present market price. The stock is down 6% from its issue price of ₹108 apiece.
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Emvee Photovoltaic Power | As many as 30.1 million shares, or 4% of the company's outstanding equity, will become eligible for trade on Thursday, February 12. At the current market price, these are worth ₹610.7 crore. The stock is down 6.5% from its issue price of ₹217 per share.
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Physicswallah | As many as 71.7 million shares of Physicswallah, or 3% of its outstanding equity, will free up for trade on Thursday, February 12. These are worth ₹829.4 crore. The stock has gained 6% from its issue price of ₹109 per share.
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JSW Cement | As many as 208.6 million shares, or 15% of JSW Cement's total equity will free up for trade, on Friday, February 13. These are worth ₹2,524 crore at the present market price. The stock has declined 17.7% from its issue price of ₹147 per share.
