The unlocked shares are valued at approximately USD 107 million, according to data from Nuvama Alternative & Quantitative Research.
A shareholder lock-in period is a predefined timeframe following an IPO during which certain pre-allotted shares, often held by anchor investors, promoters, or institutions, cannot be sold in the open market.
This mechanism is intended to ensure post-listing price stability and build investor confidence. Once the lock-in period ends, these shares become eligible for trading, which may lead to increased supply in the market and, depending on investor appetite, can result in heightened volatility or price correction.
NSDL’s one-month lock-in expiry marks a notable event due to the size and market value of the shares being released.
As per Nuvama’s data, the company has delivered a 56% return from its issue price and is up 33% from its listing close, reflecting strong post-listing performance that may prompt profit-booking by early investors.NSDL is one of three companies with a one-month lock-in ending on Wednesday. The other two are Sri Lotus Developers and M&B Engineering. Sri Lotus Developers saw 8 million shares (2% of outstanding equity) worth USD 16 million become tradable, while M&B Engineering unlocked 4 million shares (7%) valued at USD 19 million.On Tuesday, the shares of NSDL closed flat at Rs 1,277.55 on the BSE.
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