Lock-in Periods End for Anthem BioSciences, Shringar House, and Dev Accelerator
Three companies - Anthem BioSciences, Shringar House of Mangalsutra, and Dev Accelerator - are set to see their share lock-in periods expire on October 15. This could increase the supply of tradable shares in the market. Anthem BioSciences will unlock 8.90 million shares (2% of equity), Shringar House of Mangalsutra 3.60 million shares (4% of equity), and Dev Accelerator 5.20 million shares (6% of equity). Since their IPOs, Anthem BioSciences is up 8%, Shringar House of Mangalsutra is trading near its listing price, and Dev Accelerator is down 21%. While the expiry makes these shares eligible for trading, it doesn't guarantee they will be sold in the open market.

*this image is generated using AI for illustrative purposes only.
Three companies are set to see their share lock-in periods expire on Wednesday, October 15, potentially increasing the supply of tradable shares in the market. This development could impact the trading dynamics of these stocks.
Companies Affected
Company Name | Shares Unlocking | % of Outstanding Equity | Stock Performance Since IPO |
---|---|---|---|
Anthem BioSciences | 8.90 million | 2.00% | Up 8.00% from ₹570.00 listing price |
Shringar House of Mangalsutra | 3.60 million | 4.00% | Trading around ₹188.50 listing price |
Dev Accelerator | 5.20 million | 6.00% | Down 21.00% from IPO price |
Key Highlights
Anthem BioSciences
- The stock has shown positive momentum since its July listing, gaining 8.00% from its initial price of ₹570.00 per share.
Shringar House of Mangalsutra
- The company's ₹400.00 crore IPO was oversubscribed by 60 times, indicating strong investor interest.
- Currently, the stock is trading close to its listing price of ₹188.50.
Dev Accelerator
- Despite the upcoming lock-in expiry, the stock has faced challenges since its September listing, declining 21.00% from its IPO price.
Implications of Lock-in Expiry
It's important to note that while the end of lock-in periods makes these shares eligible for trading, it does not guarantee that they will be sold in the open market. Investors should be aware that increased share availability could potentially impact stock prices, but actual market reactions can vary based on multiple factors.
Market participants will be closely watching these stocks for any significant trading activity or price movements following the lock-in expiry.
Historical Stock Returns for Anthem Biosciences
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.87% | -5.39% | -12.37% | +3.73% | +3.73% | +3.73% |