Investors in India's primary market may need to brace for a fresh wave of potential supply as shares worth nearly $8 billion across 49 recently listed companies are set to come out of mandatory lock-in between July 27 and September 30, according to a report by Nuvama Alternative & Quantitative Research. While the unlocking of shares does not necessarily translate into immediate selling, it often becomes a closely watched event as it allows pre-listing shareholders, including promoters, private equity investors, venture capital funds and other early backers, to sell their holdings for the first time after the lock-in period ends.
The report covers companies listed up to July 24, 2026, and identifies 49 firms whose pre-listing shareholder lock-ins will expire over the next two months. Among the one-month lock-in expiries, companies scheduled to see shares unlocked include Advit Jewels, Waterways Leisure Tourism, CSM Technologies, Knack Packaging, Kusumgar, Laser Power & Infra, SBI Funds Management and Caliber Mining and Logistics. The report also highlights several companies where three-month lock-ins will expire during the period, including OnEMI Technology Solution, CMR Green Technologies, Hexagon Nutrition and Turtlemint Fintech Solutions.
Some of the largest six-month lock-in expiries involve companies where more than half of the outstanding equity becomes eligible for trading. Aye Finance tops the list with 146 million shares, equivalent to 59% of total outstanding shares, becoming eligible for sale on August 13. Fractal Analytics follows closely with 87 million shares, or 51% of outstanding equity, unlocking on August 14. Other notable companies include Innovision (54%), GSP Crop Science (53%), Rajputana Stainless (55%) and SEDEMAC Mechatronics (38%).
Three IPOs are set to debut today with strong grey market premiums indicating positive listing gains. Indo-MIM shows the highest premium at ₹187, suggesting a listing price of ₹672 at a 38.56% premium over its ₹461-485 price band. Lohia Corp follows with a ₹17 premium for a ₹442 listing price, while Xtranet Technologies indicates ₹14.5 premium for ₹141.5 listing price. The strong IPO activity comes after healthy investor demand across all three issues, with Indo-MIM emerging as the clear favorite among institutional investors.
