A significant unlocking of shares is scheduled to occur over the next three months as 91 companies see their shareholder lock-ins expire between October 5 and December 29. According to reports from The Economic Times, Nuvama Alternative & Quantitative Research estimates that approximately $14 billion worth of shares will become eligible for release during this period. However, this represents the total value of shares whose lock-ins are expiring and does not guarantee the entire pool will necessarily hit the market, as a substantial portion is held by promoters and promoter groups.
The largest unlock is concentrated at Central Mine Planning & Design Institute, which is set for a 464 million share unlock on October 6, equivalent to 65% of its total shares. As reported by CNBC TV18, based on Monday's closing price of ₹206, the value of the shares that become eligible to be traded amounts to ₹9,558 crore. The company is a subsidiary of Coal India Ltd., which listed on the bourses on March 30 at an IPO price of ₹172 per share. Despite listing at a 7% discount, the stock reached a post-listing high of ₹283.69, representing a 64% premium over its issue price, though it has since corrected to current levels of ₹200. Coal India continues to hold an 85% stake in the company, above the minimum 75% requirement, while public shareholders include mutual funds with 4.75% stake and LIC with 2.39% stake.
The unlocking trend continues into November and December with several significant releases scheduled. According to The Economic Times, Juniper Green Energy has 12 million shares (2%) opening on November 2, while Dhoot Transmission has 5 million shares (3%) on November 11. Milky Mist Dairy Food will see 17 million shares (2%) become eligible on November 12, and NSE of India has 1 million shares (0.1%) scheduled for November 20. The December schedule includes CMR Green Technologies with 142 million shares (65%) on December 9, Turtlemint Fintech Solutions with 160 million shares (54%) on December 28, and Hexagon Nutrition with 67 million shares (54%) on December 15.
Jio Platforms is preparing for India's largest public offering, targeting an enterprise valuation of $143-146 billion with an estimated $3.8 billion fundraise. According to PTI reports, the company has concluded overseas roadshows in the US, UK, Dubai, Hong Kong and Singapore, led by Akash Ambani and Isha Ambani. The IPO is expected to open post-Dussehra before October 23, with the company planning to issue 27 crore fresh equity shares representing about 2.9% of its post-issue equity base. For FY26, Jio Platforms posted a 15% rise in profit after tax to ₹30,053 crore and 14.5% increase in annual revenue to ₹1,46,885 crore. The telecom giant dominates with 32.89% market share in fixed-line connections and 39.29% share in mobile connections, serving 157.9 million and 506 million customers respectively.
