© Reuters.
The anticipated expiration of lock-in periods for pre-listing shareholders in 44 companies, listed between September 2020 and October 2023, is projected to trigger a significant fund outflow from October 2023 to January 2024. This event could potentially lead to an outflow of ₹2,10,782.40 crore.
The estimated outflows for the upcoming months are as follows: ₹6,567 crore (INR100 crore = approx. USD12 million) in October, ₹1,59,631 crore in November, ₹8,573 crore in December, and ₹36,011 crore in January. These projections indicate a substantial shift of funds away from these companies.
In the recent past, several firms have experienced notable declines. Star Health and LIC saw their shares drop by over 33% and 32%, respectively. Similarly, Chemcon Speciality and Tracxn Tech also witnessed losses of 19% and 5%.
However, not all companies have faced downward trends. Mazagon Dock Shipbuilders, Happiest Minds, and Kaynes Tech have demonstrated impressive gains of 1,384%, 416%, and 334%, respectively. Despite these gains and the overall volatility in the market, eight companies from the aforementioned list are still trading below their issue prices.
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