Anchor Lock-In Expiry: Why Meesho, Vidya Wires, Aequs, Wakefit, CORONA Remedies Will Remain In Focus This Week

Anchor Lock-in Expiry: Meesho, Vidya Wires, Aequs, Wakefit, CORONA Remedies, and a few other companies' shares will remain in focus this week because of the three-month anchor lock-in expiry.

When a company brings its IPO, its sells a portion of its IPO to large institutional investors like mutual fund houses, insurance companies, etc. Anchor lock-in expiry is the date when early institutional investors who bought shares in an IPO (anchor investors) are allowed to sell their shares in the market after the mandatory holding period.

Three Months Anchor Lock-in Expiry: Meesho, Vidya Wires, Aequs, Wakefit, More

As investors prepare for the coming week's trading session, here are all the details of stocks that may see anchor lock-in expiry between March 9 and March 13.

Meesho Shares Anchor Lock-In Expiry

Around 2% or 109.9 million shares of Meesho's outstanding shares will become eligible for trading on Monday, March 9, as the three-month anchor lock-in expiry will end today, as per the Nuvama report. Meesho IPO was listed in December, and its shares dipped to the lower circuit after a one-month anchor lock-in expiry on January 7.

Vidya Wires Anchor Lock-in Expiry

Around 9 million shares, which accounts close to 4% of the total outstanding shares of Vidya Wires, will become eligible for trading on Monday, March 9, as per the Nuvama report.

CORONA Remedies Shares

Nearly 0.9 million shares of CORONA Remedies, which account for 2% of the companies' total outstanding shares will become available for trading after the three-month anchor lock in expiry on Wednesday, March 11.

Wakefit Innovations

Around 15 million shares of Wakefit Innovations, which is equivalent to 5% of the company's total outstanding shares will become available for trading on Wednesday, March 11, as per Nuvama report.

Amanta Healthcare

With the six-month anchor lock-in expiry, Amanta Healthcare will unlock around 10 million shares, equivalent to 26% of the total outstanding shares on Wednesday, 11 March. After an IPO, anchor investors such as mutual funds and foreign institutions usually face lock-in rules. These investors are often barred from selling their allotted shares for 30 days or 90 days. Once this lock-in period finishes, the share "overhang" in the market disappears.

Nuvama advises traders and long-term investors to note these expiry dates carefully. A big batch of shares hitting the market together can weigh on the stock price if large institutions choose to book profits.

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