Inventurus Knowledge Solutions Ltd., One Mobikwik Systems Ltd., and Sai Life Sciences Ltd.'s share prices declined on Monday as their lock-in periods for anchor investors ended. The first two counters fell the most.
Anchor investors are required to lock 50% of their shares after an initial public offering for 90 days. The lock-in is required to prevent anchor investors from offloading the shares right away after listing, so that the share price can stabilise.
Inventurus Knowledge Solutions was listed on Dec. 19. While, both One Mobikwik Systems Ltd. and Sai Life Sciences listed on Dec. 18.
Vishal Mega Mart Ltd., which also listed on Dec. 18, ended its lock-in period on Monday as well.
One Mobikwik Systems shares fell 14.61% to Rs 231.10 apiece, while Inventurus Knowledge Solutions' stock plunged 12.50% to Rs 1,440.00. Sai Life Sciences Ltd. shares fell 3.21% to Rs 677.80 apiece.
Vishal Mega Mart fell the least, with 0.84% decline so far. The stock quickly recovered to trade 2.54% higher at Rs 101.97 apiece.
Inventurus Knowledge Solutions pared losses to trade 9.59% down at Rs 1,487.85 apiece as of 11:01 a.m. One Mobikwik Systems' share price was trading 8.26% down at Rs 248.30 apiece, and Sai Life Sciences' share price was 2.68% down at Rs 681.50 apiece.
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