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It appears that block deals are here to stay. According to Nuvama Alternative Research, between August 22 and December 31, a total of 37 companies are slated to have their pre-listing shareholder lock-ins, both for promoters and non-promoters, lifted. The promoters and non-promoters may look to book profits through block deals when the lock-ins end
As of 12 noon, BSE SME IPO index traded down about 3 percent at 34,748. However, compared to over 100 percent gains in the last one year, this will likely not pinch much.
The BSE SME IPO index – a representative index of SME stocks having over 60 constituents stocks as of now – has delivered a whopping 10,350 percent returns in the last 10 years
As of 12 noon, BSE SME IPO index traded down about 3 percent at 34,748. However, compared to over 100 percent gains in the last one year, this will likely not pinch much.
2023 has been an active year for block deals and according to data from Prime Database, PE and venture capital firms exited investments worth Rs 57,338 crores through block deals between January and August as compared to Rs 41,051 crores during same period last year