Around 22 companies are scheduled for anchor lock-in expiry from October 15 to October 30, with 17 companies under the 30-day lock-in period and 5 companies under the 90-day lock-in period, according to a report by PL Capital. Anchor lock-in expiry marks the date when institutional investors who purchased shares before the IPO are permitted to sell shares in the market. The portion of shares becoming eligible for trading ranges from 7% to 22% of a company's total shares, with most companies at approximately 15%.
Among the 17 upcoming 30-day expiries, Elevate Campuses has the highest number of shares becoming eligible for trading at approximately 22% of total shares, followed by Steamhouse India, LCC Projects, Karamtara Engineering, Veegaland Developers, Manika Plastech, Hero Motors, Jindal Supreme (India), National Stock Exchange of India, Sonaselection India, Varmora Granito, Adroit Industries (India), Swastika Infra, A-One Steels India and Moneyview at approximately 15% each. SS Retail follows at around 13%, while ArMee Infotech has the lowest proportion at approximately 7%.
In the 90-day lock-in period, SBI Funds Management, Caliber Mining & Logistics, Indo-MIM, Lohia Corp and Xtranet Technologies are scheduled to reach their expiries. The shares becoming eligible for trading represent 14% to 22% of total shares across these companies. Indo-MIM emerges as the strongest performer, trading nearly 164% above its issue price, followed by Xtranet Technologies at 127%, Lohia Corp at 48% and Caliber Mining & Logistics at 25%. During this period, SBI Funds Management is the only stock currently trading 13% below its public issue price.
The stock performance across the 30-day expiries remains mixed, with 9 out of 17 companies currently trading above their IPO issue prices. Hero Motors emerges as the strongest performer at around 89% above its issue price, followed by Moneyview at 83%, Jindal Supreme (India) at 80%, SS Retail at 66%, Steamhouse India at 59%, Karamtara Engineering at 58% and Adroit Industries (India) at 51%. Among the underperformers, Swastika Infra is trading 42% below public issue price, followed by ArMee Infotech at 32%, Elevate Campuses and Varmora Granito at 10% each, Veegaland Developers at 5%, National Stock Exchange of India at 3%, LCC Projects at 2% and Sonaselection India at 1%.
