According to a note from Nuvama Alternative & Quantitative Research, As many as 3.52 Crore Shares or 20% of the company’s outstanding rights Year and beyond shareholder lock-in ends today.
It must not be noted that the end of the sharehlder lock-in does not mean all the shares will be sold in the open market, but they will only become eligible to be traded.
Based on Friday’s closing price, the value of syrma sgs’ shares that free up for trade today is what ₹ 2,618 Crore. As many as 17 brore shares of 10 companies worth ₹ 5,700 are set to free up for trade this week as their respective shareholder lock-in periods. Syrma sgs garners a lion’s share of that value.
Syrma sgs recently raised ₹ 1,000 Crore Through a Qualified Institutional Placement (QIP) By Issuing Shares to Eligible Funds Like HDFC Life, Tata Aia Life, Axis Mf, Axis Mf, Bandhan Mf, HDFCF, HDFCF, Prudential Hong Kong Ltd., ICICI PRDENIAL MF, Aditya Birla Sun Life Mf and Motilal Oswal Small Cap Fund.
At the end of the June Quarter, Promoters of Syrma sgs a 42.97% stake in the company, down from 46.52% in March.
Shares of Syrma SGS Trade Close to their 52-wheek high, and are down 4.6% from those levels as of Friday’s close. The stock has gained 20% so far in 2025 and has more than tripled from its IPO price of ₹ 220. The stock ended Little Changed Last Friday, at ₹ 744.2.
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