Approximately ₹21,000 crore worth of shares across 71 recently listed companies will become available for sale between June 17 and September-end as IPO lock-ins expire, according to Nuvama Alternative & Quantitative Research. The lifting of these lock-ins could create a potential supply overhang for several stocks, said analysts. Of this substantial amount, shares worth about ₹15,960 crore across 31 companies that mostly made their stock market debuts in the last six months are slated to become eligible for sale over the next month.
ICICI Prudential AMC shares fell 2% to ₹513 on Friday after 34.4 crore shares worth nearly ₹1.2 lakh crore became eligible for trade following the expiry of the six-month IPO lock-in period, according to The Economic Times. The stock had made its stock market debut in December 2025 after its ₹10,602 crore Initial Public Offering received healthy investor response, with the IPO being subscribed 39.17 times overall, driven primarily by qualified institutional buyers whose portion was subscribed nearly 124 times. Based on Thursday's closing price, the total value of unlocked shares represents 70% of the company's outstanding equity. The stock ended with gains of over 5.5% at ₹3,433 on Thursday and is up nearly 60% from its issue price of ₹2,165.
Despite recent volatility, ICICI Prudential AMC delivered robust financial results for FY26. The company reported operating profit of ₹1,128 crore in Q4, up 30% YoY from ₹866 crore in Q4 FY25, reflecting improved cost control and operating leverage. For the full financial year, FY26 profit after tax rose to ₹3,298 crore, up 24.4% from ₹2,651 crore in FY25. Profit before tax for the year increased 24.7% to ₹4,407 crore, while operating profit climbed 28.9% to ₹4,171 crore. The company maintained a customer base of 17 million investors and operated through a wide distribution network of over 1.14 lakh partners across 281 offices, highlighting its strong retail reach in the domestic mutual fund industry.
The list includes major companies such as ICICI Prudential AMC, Vishal Mega Mart, Inventurus Knowledge Solutions, Sai Life Sciences, Nephrocare Health Services and Oswal Pumps. According to Nuvama Alternative's head Abhilash Pagaria, ICICI Prudential AMC accounts for the bulk of the shares set to be unlocked over the next month, with shares worth about ₹11,870 crore, representing nearly 70% of the company's outstanding equity, becoming eligible for sale on June 19.
Mobikwik shares are particularly in focus as nearly 1.6 crore shares worth more than ₹317 crore became eligible for trade after IPO lock-in period expired today, according to Nuvama Institutional Equities. At the previous closing price of ₹198.25 on BSE, these shares are worth nearly ₹317.20 crore. The fintech platform had made a solid market debut in December 2024, listing with nearly 59% premium over the IPO price at ₹442.25 apiece on BSE. The stock has shown significant volatility, surging around 58% from listing price to hit an all-time high of ₹698 in the same month, before tumbling over 78% to hit a lifetime low of ₹151.95 in March this year. The company's market capitalisation currently stands at ₹1,561 crore.
