$1.86 billion worth of IPO shares set to unlock in July: Nuvama Report


A significant volume of pre-IPO shareholder lock-ins worth $ 1,860 million is set to expire in July 2025, potentially reshaping the shareholding structure of several recently listed companies.

According to a report by domestic brokerage Nuvama Institutional Equities, the lock-in expiries next month span across multiple companies and include both promoter and non-promoter holdings.

The expiring shares cover both one-month and six-month lock-in tenures. While these shares will become eligible for trading, the report notes that not all will necessarily be sold in the open market, as a considerable portion may continue to be held by promoters and strategic long-term investors.

Under the one-month lock-in category, three companies are scheduled to see their restricted shares unlock in July. Scoda Tubes, with a lock-in value of $ 5 million, will unlock on 2nd July. Arisinfra Solutions follows with $ 10 million worth of shares becoming tradable on 23rd July, and Oswal Pumps will unlock shares worth $ 27 million on 18th July. The total lock-in value under the one-month category is $ 42 million.

In the six-month lock-in segment, six companies are expected to see significantly larger expiries. Unimech Aerospace & Manufacturing leads with a lock-in value of $ 501 million, unlocking on 1st July. Standard Glass Lining Tech. will see $ 259 million worth of shares unlock on 11th July, followed by Quadrant Future Tek with $ 123 million on 14th July. Laxmi Dental is scheduled for $ 105 million worth of unlocks on 21st July.


Indo Farm Equipment will witness two separate unlock events: $ 51 million worth of shares on 10th July, and an additional $ 2 million on 11th July, taking the combined total to $ 53 million.The lock-in expiries in July also include other companies such as RBZ Jewellers ($ 14 million), Vraj Iron & Steel ($ 37 million), Medi Assist Healthcare ($ 82 million), Jyoti CNC Automation ($ 598 million), and Sanstar Limited ($ 46 million).While these companies are set for unlocks in July, Nuvama’s broader lock-in analysis covers a total of 57 companies between 30th June and 30th October 2025, with an aggregate lock-in value of $ 15 billion. The study includes companies listed up to 25th June 2025.

Such expiries are closely watched by market participants, as they can lead to changes in liquidity, free float, and shareholding patterns in the post-IPO phase.

Also read: Rs 1 lakh crore selloff tsunami threatens Nifty rally as promoters, strategic investors exit

(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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