IPO Lock-in Expiration Looms: Spotlight on Gaudium IVF, Saatvik Green Energy, and Tolins Tyres

Market Update: Lock-in Period Expiry to Release $68 Billion in Shares

The domestic equity market is expected to see a significant influx of shares as 95 companies, valued at $68 billion, will have their pre-listing shareholder lock-ins expire between March 24, 2026, and July 31, 2026. According to Nuvama Institutional Equities, these shares will be eligible for trading in the public market, although not all will be sold.

Shares Eligible for Trading on March 27

• Gaudium IVF and Women Health Ltd: Approximately 3 million shares (0.3 crore), accounting for 4% of its total outstanding equity, will become eligible for trading. The company debuted on February 27 at ₹83 per share, a 5% increase from its IPO price of ₹79.
• Shriram Triputi Balajee Agro Trading Ltd: Around 16 million shares (1.6 crore), representing 20% of its equity, will be unlocked. The company had a decent debut on September 12, opening at ₹92.90, a 12% increase from the issue price of ₹83 per share.
• Saatvik Green Energy Ltd: 25 million shares (2.5 crore), representing 20% of its outstanding equity, will be unlocked. The company had a flat listing on the exchanges on September 26, debuting at ₹465 on NSE.
• Gujarat Kidney & Super Speciality Ltd: Around 4 million shares (0.4 crore), representing 6% of its equity, will be unlocked. The company debuted at ₹120 per share on December 30, 2025, reflecting a premium of 5.26%.
• Tolins Tyres Ltd: Around 8 million shares (0.8 crore), representing 20% of its equity, will be unlocked. The company witnessed a lukewarm debut on September 16, opening at ₹227, a mere 0.4% above the issue price of ₹226 per share.

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