What is the story about?
Shares of Anthem BioSciences, Shringar House of Mangalsutra and Dev Accelerator will be in focus on Wednesday, October 15, as shares of these companies have their respective one-month and three-month lock-in periods ending today, according to a note by Nuvama Alternative and Quantitative Research.
Anthem BioSciences will see 8.9 million shares become eligible for trade once the lock-in period ends. The number of shares amounts to 2% of the company's outstanding equity.
The stock has gained 8% since it listed on July 21 this year. The stock had an IPO price of ₹570 per share.
Shringar House of Mangalsutra will see 3.6 million shares or 4% of the company's outstanding equity will become eligible for trading today.
The stock is still trading around its listing price of ₹188.50 per share. The ₹ 400 crore IPO drew robust investor demand, with subscriptions exceeding 60 times. The issue was priced in the ₹155-165 band.
Dev Accelerator will also see 5.2 million shares or 6% of its outstanding equity become eligible for trading with the lock-in period ending.
The stock has declined 21% from its IPO price since it was listed in September this year.
It must be clarified that lock-in periods ending does not necessarily mean that the shares will be sold in the open market. Lock-in periods ending only means that they will become eligible for trade.
Anthem BioSciences will see 8.9 million shares become eligible for trade once the lock-in period ends. The number of shares amounts to 2% of the company's outstanding equity.
The stock has gained 8% since it listed on July 21 this year. The stock had an IPO price of ₹570 per share.
Shringar House of Mangalsutra will see 3.6 million shares or 4% of the company's outstanding equity will become eligible for trading today.
The stock is still trading around its listing price of ₹188.50 per share. The ₹ 400 crore IPO drew robust investor demand, with subscriptions exceeding 60 times. The issue was priced in the ₹155-165 band.
Dev Accelerator will also see 5.2 million shares or 6% of its outstanding equity become eligible for trading with the lock-in period ending.
The stock has declined 21% from its IPO price since it was listed in September this year.
It must be clarified that lock-in periods ending does not necessarily mean that the shares will be sold in the open market. Lock-in periods ending only means that they will become eligible for trade.
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