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
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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