<p>Sale restrictions on about $4 billion of newly listed Indian shares expired on Monday, adding pressure to a stock market that has already erased $1 trillion in value since mid December. </p><p>Lockups on FirstCry operator BrainBees Solutions Ltd., Ceigall India Ltd., Ola Electric Mobility Ltd. and Unicommerce eSolutions Ltd. are among those that ended on Monday, according to data compiled by Nuvama Alternative & Quantitative Research. It’s India’s biggest lockup expiry in recent months but not all these shares will be up for sale as the companies’ founders hold sizable portions, according to Abhilash Pagaria, head of the researcher.</p><p>The expiries come amid a continued rush of Indian initial public offerings — the securities regulator says it’s processing more than 60 applications — which has defied the broader pessimism engulfing the nation’s shares. Concerns about the slowing economy and earnings growth<a href="https://www.bloomberg.com/news/articles/2025-02-05/adani-tata-profit-misses-add-to-alarm-over-india-stocks-outlook" rel="noopener noreferrer"> </a>have contributed to a 20% decline in the total market capitalization of Indian stocks from a December high to $4.1 trillion. </p><p>“If the weak sentiment in the secondary market continues, it’s likely to create headwinds for the primary market as well,” said Sunil Damania, chief investment officer of Marketsmojo Asset Management. </p><p>Other companies with lockups that expired include Swiggy Ltd., Niva Bupa Health Insurance Co., Acme Solar Holdings Ltd. and Quadrant Future Tek Ltd., according to Nuvama Alternative. </p><p>On Monday, shares of most of the companies cited by Nuvama Alternative fell, led by Quadrant’s 20% drop. Ola Electric, the Softbank Group Corp-backed electric scooter maker, tumbled by as much as 3.7%. </p>.Quality Power's Rs 859-cr IPO to open on Feb 14; price band set at Rs 401-425/ share.<p>Companies seeking to go public have largely retained their listing plans despite the slump in the broader stock market, with the year’s first billion-dollar share sale coming in the next few days with Hexaware Technologies Ltd. </p><p>Last year, proceeds from Indian IPOs climbed to a record $21 billion via more than 300 listings. While Hyundai Motor India Ltd.’s $3.3 billion IPO last year was India’s biggest ever, around two-third of the debuts were small firms that raised less than $10 million.</p>
<p>Sale restrictions on about $4 billion of newly listed Indian shares expired on Monday, adding pressure to a stock market that has already erased $1 trillion in value since mid December. </p><p>Lockups on FirstCry operator BrainBees Solutions Ltd., Ceigall India Ltd., Ola Electric Mobility Ltd. and Unicommerce eSolutions Ltd. are among those that ended on Monday, according to data compiled by Nuvama Alternative & Quantitative Research. It’s India’s biggest lockup expiry in recent months but not all these shares will be up for sale as the companies’ founders hold sizable portions, according to Abhilash Pagaria, head of the researcher.</p><p>The expiries come amid a continued rush of Indian initial public offerings — the securities regulator says it’s processing more than 60 applications — which has defied the broader pessimism engulfing the nation’s shares. Concerns about the slowing economy and earnings growth<a href="https://www.bloomberg.com/news/articles/2025-02-05/adani-tata-profit-misses-add-to-alarm-over-india-stocks-outlook" rel="noopener noreferrer"> </a>have contributed to a 20% decline in the total market capitalization of Indian stocks from a December high to $4.1 trillion. </p><p>“If the weak sentiment in the secondary market continues, it’s likely to create headwinds for the primary market as well,” said Sunil Damania, chief investment officer of Marketsmojo Asset Management. </p><p>Other companies with lockups that expired include Swiggy Ltd., Niva Bupa Health Insurance Co., Acme Solar Holdings Ltd. and Quadrant Future Tek Ltd., according to Nuvama Alternative. </p><p>On Monday, shares of most of the companies cited by Nuvama Alternative fell, led by Quadrant’s 20% drop. Ola Electric, the Softbank Group Corp-backed electric scooter maker, tumbled by as much as 3.7%. </p>.Quality Power's Rs 859-cr IPO to open on Feb 14; price band set at Rs 401-425/ share.<p>Companies seeking to go public have largely retained their listing plans despite the slump in the broader stock market, with the year’s first billion-dollar share sale coming in the next few days with Hexaware Technologies Ltd. </p><p>Last year, proceeds from Indian IPOs climbed to a record $21 billion via more than 300 listings. While Hyundai Motor India Ltd.’s $3.3 billion IPO last year was India’s biggest ever, around two-third of the debuts were small firms that raised less than $10 million.</p>