The shares of Vishal Mega Mart will remain in focus on Wednesday after nearly 92.3 crore shares worth Rs 10,813 crore become eligible for trade as the IPO lock-in period expires today, according to Nuvama Institutional Equities.
However, it is important to note that the lock-in expiry does not imply that all these shares will be offloaded in the market immediately. It simply means that these shares can now be traded by the shareholders. At the previous closing price of Rs 117.15 apiece on BSE, the said number of shares that will free up for trade today is worth nearly Rs 10,812.95 crore.
