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Shares worth around $35 billion are set to become eligible for trading as pre-listing shareholder lock-in periods expire across 116 companies between November 9, 2026, and February 26, 2027, according to a report by Nuvama Alternative & Quantitative Research.
The upcoming expiries could put several recently listed companies in focus, although the unlocking of shares does not necessarily translate into immediate selling pressure. A significant portion of the shares is held by promoters and promoter groups, who may not necessarily sell their holdings once the lock-in period ends.
Nuvama's analysis covers both promoter and non-promoter shareholders of companies listed up to November 5, 2026. The $35 billion figure represents the total value of shares becoming eligible for trading during the period. Among the notable companies facing lock-in expiries in November are Zetwerk Manufacturing Business, Jio Platforms, Shiprocket and Horizon Industrial Parks.
Zetwerk is scheduled to see 75 million shares, equivalent to 4 percent of its outstanding equity, released from lock-in on November 20. Jio Platforms will see 36 million shares, or 0.4 percent of its outstanding equity, become eligible for trading on November 25. Shiprocket has 37 million shares, representing 5 percent of its outstanding equity, scheduled to be unlocked on November 16. Horizon Industrial Parks will see 97 million shares, or 3 percent of its outstanding equity, released on November 18.
Other companies facing November expiries include Ardee Industries, which will see 12 million shares unlocked on November 9, and LEAP India, with 23 million shares scheduled to be released on November 11.
Large six-month lock-in expiries ahead
Some of the larger share unlocks are scheduled between December 2026 and January 2027, when six-month lock-in periods for several companies are set to expire.
OnEMI Technology Solutions will see 66 million shares, accounting for 39 percent of its outstanding equity, become eligible for trading on November 9. CMR Green Technologies has an even larger expiry, with 142 million shares, or 65 percent of its outstanding equity, scheduled to unlock on December 9.
Hexagon Nutrition will see 67 million shares, representing 54 percent of its outstanding equity, released on December 15. Turtlemint Fintech Solutions has 160 million shares, equivalent to 54 percent of its outstanding equity, scheduled for unlocking on December 28.
The January calendar also has several sizeable expiries. CSM Technologies will see 28 million shares, or 55 percent of its outstanding equity, unlocked on January 4. Knack Packaging has 43 million shares, representing 35 percent, scheduled for January 11.
Kusumgar will see 63 million shares, or 60 percent of its outstanding equity, released on January 14, while Laser Power & Infra has 78 million shares, equivalent to 55 percent, scheduled to unlock on January 18.
SBI Funds Management has one of the largest upcoming unlocks in absolute terms, with 1.428 billion shares, representing 70 percent of its outstanding equity, scheduled to become eligible for trading on January 18.
However, investors will need to distinguish between the number of shares becoming eligible for trading and the actual supply that could enter the market. The expiry of a lock-in merely removes the regulatory restriction on selling shares; it does not indicate that shareholders intend to exit their investments.
