According to a report by Nuvama Institutional Equities, Vibhor Steel Tubes will see as many as 38 lakh shares, representing 20% of its outstanding equity, become eligible for trade as its one-and-a-half-year and beyond lock-in period ends. For Borana Weaves, the three-month shareholder lock-in concludes, freeing up 15 lakh shares, or 6% of its outstanding equity, for trading.
It is important to note that while shares become eligible for trade post the lock-in period, not all of them may necessarily be sold in the open market.
Vibhor Steel Tubes, one of India’s most subscribed IPOs with an oversubscription of over 300 times, debuted strongly on the bourses. The stock nearly tripled on listing day, opening at Rs 425, a 181% premium to its issue price of Rs 151.
Borana Weaves, too, had a stellar IPO debut in May 2025, with an oversubscription of nearly 150 times. The stock remains close to its issue price of Rs 216 and trades at Rs 220, just 2% above the issue price.
For Vibhor Steel, analysts attributed the solid listing to a diverse product portfolio of the company catering to various sectors and a well-established distribution network across India, which ensures product accessibility.Borana Weaves raised Rs 144.89 crore through a fresh issue of 67.08 lakh shares, the proceeds of which were intended to be used to set up a new manufacturing facility in Surat, Gujarat, and meet working capital and general corporate needs.With their lock-in expiries coinciding on August 21, market watchers may closely track stock price movements of both companies as a significant chunk of equity becomes available for trade, potentially influencing liquidity and near-term price action.Also read: Is Rs 4 crore enough for retirement corpus? Gurmeet Chadha gives simple calculation metric
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)