Newly listed stocks in focus as anchor lock-in period ends

newly listed stocks like star health, Mapmyindia, RateGain Travel, Data Patterns, and others will be focused when the regulatory lease on sales (30 days from the date of allotment) to anchor investors begins to loosen from January 7. As of January 7, there is a lineup of twelve recent listings that are set to resolve anchor lock-in.

In most cases, the selling pressure persists throughout the day as anchor investors are no longer bound to invest in these companies after the mandatory lock-in period.

Brokerage house Edelweiss in a note in December highlighted an indicative data point that 76% of 41 issuances from January to October (2021) experienced selling pressure at the end of the anchor lock-in. and 61% of the issuances declined during and after the five-day period.

“December marked a similar trend for issuances that came out of the Anchor lock-in. As for the magnitude of the decline, 40% of the issuances declined by an average of 6% a day after the lock-in ended, while 60% of the issuances declined by an average of 2.3% a day after the end and 70% declined by an average of 7% over five years. recorded a decline. days from the lock-in expiry,” the brokerage and research firm said.

Edelweiss ran a screen showing anchors were allotted more than 10% of the outstanding shares. It filtered out five stocks that were rate gainers and Shriram Properties with more than 13% anchor shares and the lock-in period ending on January 14, according to the data pattern (Anchor shares with lock-in set to expire on January 24) of 11.3%), Supriya Lifesciences (14.3% | Jan 24) and CMS Info Systems (10.3% | Jan 28).

The lock-in period for Star Health, Tega Industries, HP Adhesives, Metro Brands, MedPlus, Anand Rathi Wealth will also end this month.