In a significant development for the Indian stock market, shares worth over ₹19,300 crore from four companies are poised to become eligible for trading as their respective shareholder lock-in periods come to an end. This event marks a crucial milestone for these companies and could potentially impact market dynamics.

Premier Energies: The Major Player

Premier Energies, a key player in this unlock event, is set to see the largest volume of shares becoming tradeable. A substantial 185.2 million shares, representing 41% of the company's outstanding equity and valued at approximately ₹18,347.00 crore, will be unlocked as the one-year lock-in period expires. This represents the lion's share of the total value set to be unlocked across all four companies.

Other Companies in the Mix

While Premier Energies dominates the unlock event, three other companies are also part of this development:

1. Aditya Infotech: 4.3 million shares (4% of outstanding equity) worth ₹539.00 crore will become tradeable after a one-month lock-in period. Notably, the stock has shown impressive performance, trading 85% above its initial public offering (IPO) price of ₹675.00 per share.

2. Scoda Tubes : 2.4 million shares valued at ₹41.00 crore are set to unlock. The company's stock is currently trading slightly above its IPO price of ₹140.00 per share.

3. Laxmi India Finance: Another 2.4 million shares worth ₹31.00 crore will become eligible for trading. However, the company's stock is currently trading below its issue price of ₹158.00 per share.

Implications of the Unlock

It's important to note that while these shares becoming eligible for trading is a significant event, it does not necessarily mean that all or any of these shares will be immediately sold in the open market. The unlocking merely removes the trading restrictions on these shares, allowing their holders the option to trade if they choose to do so.

Market Impact

The unlocking of such a substantial volume of shares, particularly from Premier Energies, could potentially influence market dynamics. However, the actual impact will depend on various factors, including the intentions of the shareholders, overall market conditions, and individual company performance.

Investors and market watchers will be keenly observing how this development unfolds, particularly given the varied performance of the stocks involved. While Aditya Infotech has shown strong performance since its IPO, Laxmi India Finance is currently trading below its issue price, highlighting the diverse scenarios these companies face as their shares unlock.

As always, investors are advised to conduct thorough research and consider their investment goals before making any decisions based on this unlock event.

Scoda Tubes Limited, a manufacturer of stainless steel pipes and tubes, has reported a significant increase in its net profit for the first quarter. The company's financial performance shows strong growth in profitability despite a marginal decline in operational efficiency.

Financial Highlights

• Net profit rose to ₹70.83 crore, up 48% from ₹47.87 crore in the same quarter last year.
• Revenue from operations increased by 6% to ₹974.17 crore, compared to ₹918.54 crore in the corresponding period.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) slightly decreased to ₹142.00 crore from ₹146.00 crore year-over-year.
• EBITDA margin compressed to 14.58% from 15.89% in the previous year.

Quarterly Performance Overview

Key Developments

IPO Completion

During the quarter, Scoda Tubes successfully completed its Initial Public Offer (IPO) of 1,57,14,200 equity shares at an issue price of ₹140 per share. The IPO raised ₹220.00 crore, and the company's shares were listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on June 4, 2025.

Utilization of Pre-IPO Proceeds

The company reported utilization of ₹82.15 crore from pre-IPO proceeds during the quarter ended June 30, 2025. These funds were primarily allocated towards general corporate purposes, including:

• Administration costs
• Civil and structural work
• Site development
• Plant equipment and utilities

Change in Depreciation Method

Scoda Tubes has changed its depreciation method from written down value (WDV) to straight-line basis (SLM). This change, treated as an accounting estimate adjustment, resulted in a reduction of depreciation expense by ₹28.53 crore for the quarter.

Performance Analysis

The financial results reflect a positive trend in revenue growth and significant improvement in profitability. The successful IPO and strategic utilization of funds indicate the company's focus on expansion and operational enhancement.

Scoda Tubes continues to operate in the stainless-steel pipes and tubes manufacturing segment, maintaining its position as a key player in the industry. The company's ability to increase profitability despite a slight dip in EBITDA margin suggests effective cost management and potentially favorable market conditions.

Investors and analysts will likely keep a close eye on how Scoda Tubes leverages its post-IPO status and utilizes the raised capital for future growth and market expansion in the coming quarters.