Laxmi Dental shares surged by 5% on Monday, as the six-month lock-in period for specific pre-IPO shareholders concluded today, releasing a substantial portion of equity for possible trading.

Based on an analysis by Nuvama Alternative & Quantitative Research, approximately 2.06 crore shares—or roughly 37% of the firm’s total equity—are set to be eligible for trade after the lock-in period expires. Although these shares can now be sold on the open market, it doesn’t necessarily mean that shareholders will choose to do so, as the ultimate decision rests with them.

According to reports, from the March quarter, the promoters retained a 41.7% ownership in the dental products firm, with the remaining shares distributed among both institutional and retail investors. Mutual funds accounted for 11.89% of the ownership, featuring prominent holders like HSBC MF, HDFC MF, and Invesco MF.

As per reports, the Abu Dhabi Investment Authority (3.18%) and Goldman Sachs (3.5%) are among the notable foreign institutions that held stakes in Laxmi Dental at the conclusion of the March quarter. The company has not yet revealed its shareholding information for the June quarter.