Lock-In Ends For Key Ipos Ahead: 7 Shares In Focus

Starting October 27, 2025, till the period February 2026, almost 97 companies listed in the last 1 year shall see the expiry of their pre-listing shareholder lock-in periods. When a company goes public, certain shareholders such as promoters, anchor investors, and early private investors are not allowed to sell their shares for a fixed period known as the lock-in period. This mechanism exists to ensure stability in the stock price immediately after listing and prevents sudden sell-offs that could disrupt the market

On Monday i.e. October 27, 2025, shares worth nearly ₹17,000 crore were released, creating a huge increase in stock supply available for trading. The lock-in expiry allows early investors, including promoters, anchor investors, and pre-IPO shareholders, to sell or trade their shares. This action or event impacts liquidity and market dynamics.

Which Stocks Are In Line For The Unlock?

Among the most notable companies unlocking shares are:

• Waaree Energies saw around 4.5 Crores of its Shares valuing roughly around ₹15,840 Crores getting unlocked, which comprises 16% of its total equity.

• Solarworld Energy Solutions, which deals in solar EPC and energy storage had roughly 31 lakh shares, which is 4% of the total equity, valued at ₹96 crore held by anchor investors and promoters for which a 1 Month lock-in got lifted.

• Atlanta Electricals, a transformer manufacturing company, also had its 1-month anchor investor lock-in period ending on Monday, which unlocked about 14 Lakh Shares comprising 3% of total equity.

• Brigade Hotel Ventures is in the business of dealing in premium real estate and hospitality services. October 27 also marked the day when about 1.8 Crores shares (5% of the total equity) became available for trading after a three-month lock-in.

-Jaro Institute of Technology’s 1-month lock-in also expired, which released 8 lakh shares equivalent to 3% of its total equity valued at ₹53.37 crore to become tradable.

• Indiqube Spaces, which got listed in July 202,5 had a 3 month lock-in period, which concluded on Monday, due to which 66 Lakh Share,s making about 3% of its equity valuing about ₹147.5 Crore became available for trading.

• Seshaasai Technologies had a 1 Month Lock-In on 29 lakh shares which is about 2% of total equity valuing at ₹112 Crores. The lock-in on these shares also ended on Monday.

Beyond these seven, the list includes many other small and mid-cap companies that will see their lock-in period end during this week and through February 2026, totaling nearly 97 companies poised to unlock shares worth over USD 36 billion (approximately ₹3 lakh crore) cumulatively.

Does The Nature Of The Issue Impact The Lock-In Expiry?

It is important to know the mix of fresh issue shares versus OFS shares to see how they impact the market:

• Fresh Issue: This pertains to fresh shares issued to raise funds for activities like expansion, R&D, and marketing. Since this is fresh capital investment for expansion activities, the company may not witness immediate selling as the early investors would like to stay with the company in the growth phase.

• Offer-for-share (OFS): These are existing shares being sold by the early investors and promoters looking for a timely exit upon such lock-in expiry which can cause temporary volatility in prices.

For instance, Waaree Energies issued fresh shares to raise capital for the company's growth, whereas a portion of shares unlocked are shares held by promoters. Ultimately, it is the Investor sentiment and fundamentals of the company which impacts the shares prices after such unlocks.

What Has Been The Market Reaction?

In the past it has been observed that post such expiry of lock-ins, share prices get volatile which is due to increase in supply of shares available for trading. However, this is a short-term phenomenon and it tends to stabilise if the fundamentals of the business are strong. Waaree Energies exhibited this pattern in April 2025, experiencing a near 9% intraday dip post unlock but recovering in the last 6 months.

What Can Investors Expect Going Forward?

Next 3 months will witness nearly 97 companies unlocking shares valuing around USD 36 billion. This can be said to be a crucial period which can impact liquidity and trading activity. However, some important questions which remain are:

• Will there be huge selling which can even outweigh long-term investor conviction?
  
• How will company fundamentals absorb increased supply?
  
• How will the macroeconomic scenario impact this?
  

Experts advise to closely monitor these events and patterns to make a decision before investing or trading in these stocks stated for expiry of lock-ins.

Sources:

1. Economic Times
   
2. Economic Times
   
3. Chittorgarh Anchor Investor Report
   
4. Samco
   
5. scanx
   
6. Livemint