Nepal Warehousing's 5,527,500 Shares Lock-in Period Ending on Mangsir 19
Nepal Warehousing Company has informed that the lock-in period for 5,527,500 shares will end on upcoming Mangsir 19. This includes 5.5 million shares of founders and 27,500 shares of employees. The lock-in period is ending as per the provision to keep shares locked for 3 years from the IPO allotment date.
Kathmandu. The lock-in period for 5,527,500 shares of Nepal Warehousing Company is about to end. According to a notice issued by the company today, the lock-in period for these shares will expire from Mangsir 19.
Among the shares to be unlocked, 5.5 million shares belong to founders and 27,500 shares to employees. There is a provision to keep the shares of founders, locals, and employees locked for 3 years from the date of IPO allotment. Accordingly, the lock-in period for these shares is ending.
After the lock-in period expires, these shares will be tradable in the market, which may increase the supply of the company's shares.