IPO Lock-in Expiry for BCCL, Fractal, and 86 Other Companies to Release ₹6.6 Lakh Crore Worth of Shares in 3 Months

Secondary Market Volatility Expected due to Upcoming Share Releases

The secondary market is experiencing increased volatility due to the expected release of shares from 88 recently listed companies. According to a report by Nuvama Wealth Management, the lock-in periods for pre-listing investors in these companies will end between March 11 and June 29, 2026, potentially freeing shares valued at $72 billion (approximately ₹6.6 lakh crore).

The lock-in restrictions will be lifted on various dates, with 66% of IPOs launched in 2026 now trading under their initial offering price. This cautious investor sentiment is a reflection of the wider market unpredictability.

March Lock-in Expirations

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• Fractal Analytics: On March 16, shares valued at approximately 7 million (about 4% of total outstanding shares) will become tradable.
• Aye Finance: Nearly 18 million shares (about 7% of total shares) will be available for trading on March 16.
• Gaudium IVF and Women Health: Around 3 million shares (about 4% of total shares) will be released on March 27.
• PNGS Reva Diamond Jewellery: Close to 2 million shares (about 7% of total shares) will be eligible for trading on March 30.
• Clean Max Enviro Energy Solutions: Nearly 4 million shares (about 4% of total shares) will be tradable on March 30.
• Omnitech Engineering: About 4 million shares (about 3% of total shares) will be available for trading starting April 1.

Three-Month Lock-in Expirations

• Wakefit Innovations: Approximately 15 million shares (about 5% of total equity) will be available for sale starting March 11.
• Park Medi World: Around 9 million shares (about 2% of total shares) will have restrictions lifted on March 16.
• ICICI Prudential AMC: Roughly 7 million shares (about 1% of total shares) will be tradable beginning March 17.