homemarket NewsMazagon Dock, Angel One's three year lock in periods end next week — Here are more details

Mazagon Dock, Angel One's three-year lock-in periods end next week — Here are more details

However, it needs to be specified that end of the lock in period means those shares will only get eligible for trading and does not necessarily mean they would be sold in the market.

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By Hormaz Fatakia  Sept 29, 2023 12:44:09 PM IST (Updated)

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Mazagon Dock, Angel One's three-year lock-in periods end next week — Here are more details
Shares of broking firm Angel One Ltd. and state-run Mazagon Dock shipbuilders will be in focus during the first and second week of October as their respective three-year lock-in period ends then.

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Angel One's three-year lock-in period will end on October 3, which will be the first trading day in the month of October as Indian equities will have a market holiday on account of Gandhi Jayanti.
Once the lock-in period ends, 1.6 crore shares or 20 percent of Angel One's outstanding equity will get eligible for trading.
However, it needs to be specified that end of the lock in period means those shares will only get eligible for trading and does not necessarily mean they would be sold in the market.
Angel One's shares have been among the best performing IPOs over the last three years. It is among the few companies in the recent past which listed at a discount but have delivered substantial returns to shareholders over a period of time.
On the other hand, shares of Mazagon Dock will also be in focus as its three-year lock-in period ends on October 9. With the end of this lock-in period, 4 crore shares of the company will be eligible for trading purposes. The number of shares also amount to 20 percent of the company's outstanding shares.
Mazagon Dock's shares have also seen a stellar run from its IPO in 2020, having risen nearly 14x from its IPO price. The stock recently made a record high of Rs 2,484.
As of the June quarter, the government still holds over 84 percent stake in the shipbuilding company. Based on the current market price, the excess government stake in the company is valued at nearly Rs 4,000 crore.
Shares of Mazagon Dock are up 180 percent so far in 2023, while those of Angel One are up 40 percent so far this year.

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