Fractal Analytics and Aye Finance Stocks Drop Post IPO Lock-in Expiry
Synopsis
Key Takeaways
Mumbai, March 16 (NationPress) Shares of four newly listed firms experienced a downturn in Monday’s trading session as a considerable volume of shares became available for trading due to the conclusion of their IPO lock-in periods.
The most significant decline was observed in Fractal Analytics, with its stock price falling by as much as 4.35 percent after approximately 0.69 million shares, representing nearly 4 percent of its total equity, were unlocked for trading.
As of 1:50 p.m., the shares were down 3.98 percent, priced at Rs 764.35. Currently, this stock trades about 12 percent lower than its IPO price of Rs 900.
Aye Finance also faced substantial selling pressure, as its shares plummeted by 7.42 percent following the end of its one-month lock-in period.
Over the past five days, the shares have decreased by 14.64 percent. In the last month, investors have seen a negative return of 24.29 percent.
With the lock-in restrictions lifted, nearly 1.76 million shares, accounting for around 7 percent of the company’s equity, have become tradable.
In addition, shares of Park Medi World fell by 3.2 percent after approximately 0.85 million shares, or around 2 percent of its equity, were released from the lock-in.
Nephrocare Health Services also experienced a decline of 2.8 percent as about 0.28 million shares, representing nearly 3 percent of its equity, became available for trading on March 16.
Meanwhile, a report from Nuvama Wealth Management indicated that the lock-in periods for pre-listing investors in 88 companies that recently went public are set to expire between March 11 and June 29, 2026.
This development could make shares worth nearly $72 billion, approximately Rs 6.6 lakh crore, eligible for trading in the coming months, potentially impacting market sentiment and stock performance.