In: Urban Co., PhysicsWallah, others to see shares worth ₹2,200 crore free up today
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Shareholder lock-in periods expire today for several companies, including Urban Company and PhysicsWallah, freeing up ₹2,200 crore worth of shares for trading.
Starting today, shares of five companies, valued at approximately ₹2,195.64 crore (₹2,200 crore), will become available for trading as their lock-in periods expire. It's important to note that the expiration of a lock-in period doesn't automatically mean all shares will be sold; it simply makes them eligible for trading.
Among the companies affected are Emmvee Photovoltaic Power, PhysicsWallah and Urban Company.
Specifically, Emmvee Photovoltaic Power will have 3.01 crore shares, representing 4% of its equity, unlocked after a one-month lock-in. These shares are currently valued at ₹585.60 crore. The stock is currently trading 10% below its IPO price.
In the case of PhysicsWallah, 7.17 crore shares, or 3% of its outstanding equity, will be freed up following a one-month lock-in. The value of these shares is estimated at ₹978.705 crore. PhysicsWallah's stock price is nearly 25% higher than its IPO price.
Urban Company will see 4.15 crore shares, also representing 3% of its equity, become eligible for trading as its three-month lock-in concludes. These shares are worth ₹538 crore at the current market price. The stock is trading approximately 26% above its IPO price.
Shringar House of Mangalsutra will have 0.36 crore shares, equating to 4% of its outstanding equity, available for trading. These shares are valued at ₹70.74 crore. The stock has increased by 19% since its IPO.
Finally, Dev Accelerator will have 0.52 crore shares, or 6% of its outstanding equity, unlocked as its three-month lock-in period ends. The value of these shares is ₹22.46 crore. Dev Accelerator's stock is currently trading nearly 30% below its IPO price.
