December was another blockbuster month for Initial Public Offerings (IPOs) with 12 shows. Therefore, this month would see the end of lockdowns for key investors for the respective issues that were listed on the stock markets last month.
Newly listed stocks like Star Health, MapmyIndia, RateGain Travel, Data Patterns and others will be the center of attention once the regulatory leash (30 days from date of grant) on the sale for core investors begins. to relax from January 7. From January 7. , there is a list of twelve recent announcements in which the Anchor Lock is set to come undone.
In most cases, selling pressure persists throughout the day as flagship investors are no longer required to remain invested in these companies after the mandatory lock-in period.
Brokerage Edelweiss in a note in December had highlighted an indicative data point that 76% of 41 issues from January to October (2021) experienced selling pressure upon expiration of the anchor lockdown. And as much as 61% of emissions went down the next day and over the five-day period that followed.
âDecember marked a similar trend for emissions from anchor blockages. In terms of the magnitude of the drop, 40% of emissions fell an average of 6% the day after the lockdown ended, while 60% of emissions declined slightly by 2.3% the next day and 70% recorded losses. 5-day reductions of 7% from the expiration of the foreclosure, âthe brokerage and research firm said.
Edelweiss executed a screen in which the anchors were awarded more than 10% of the outstanding shares. It filtered out five stocks which were Rate Gain and Shriram Properties with over 13% of anchor actions and the lockout period ends on January 14, Data Patterns (11.3% of Anchor actions with a lock ahead end January 24), Supriya Lifesciences (14.3% | January 24) and CMS Info Systems (10.3% | January 28).
The blocking period for Star Health, Tega Industries, HP Adhesives, Metro Brands, MedPlus, Anand Rathi Wealth will also end this month.
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