Lock-in Period Ending for Over 2.06 Million Shares of Rawa Energy, Trading to Open Soon
The lock-in period for more than 2.06 million shares of Rawa Energy Development will end on Jestha 29, making them eligible for secondary market trading.
The lock-in period for a significant number of shares of Rawa Energy Development Limited is set to expire soon, allowing them to be traded in the secondary market.
The company had allocated its Initial Public Offering (IPO) shares on June 13, 2023 (Jestha 30, 2080 BS). As per regulatory requirements, certain shares held by promoters, employees, and project-affected locals were subject to a lock-in period.
According to the rules, a total of 2,062,717 shares — including 1.96 million promoter shares, 15,047 employee shares, and 87,670 shares held by local residents — will complete their lock-in period on June 11, 2026 (Jestha 29, 2083 BS).
After the lock-in period ends, these shares will become eligible for trading in the secondary market. The increased supply of shares may create some downward pressure on the stock price, according to market analysts.