The record
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- Twenty-one companies, including Manipal Health, Shiprocket, Milky Mist Dairy and Lalitha Jewellery, will see their 30-day anchor investor lock-in expire this September.
- About half of the nearly ₹11,485 crore anchor investment, an estimated ₹5,742 crore, becomes eligible for sale as a result.
- This follows a busy August in which 21 mainboard IPOs raised about ₹21,000 crore, the highest monthly deal count of the year.
- The unlock matters because early investors sometimes sell large blocks of shares soon after lock-ins lapse, as seen when close to ₹5,650 crore of Lenskart shares were sold within days of its lock-in expiring.
What to watch next
- Block deals by early investors in the 21 companies after the anchor unlock, following the Lenskart precedent.
- The staggered 90-day and 180-day lock-in expiries ahead, which spread out future share sales.
- A busier unlock calendar over the next six to 12 months as a result of the strong primary market.
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Named India · Gaja Alternative Asset Management · Lalitha Jewellery · Leap India · Lenskart · Manipal Health · Milky Mist Dairy · Shiprocket · Anand Rathi Shares and Stock Brokers · Geojit Investments · SEBI · Tanvi Kanchan
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