Bajaj Housing shares drop 6% as 12 million shares hit market after 3-month anchor lock-in ends
Shares of Bajaj Housing Finance slipped 6% to their day’s low of Rs 132.85 on the BSE in today’s session as today marks the end of the stock’s 3-month lock-in period wherein 12 million shares became available to trade in the market.
This represents 2% of the total equity of the company, which was held by the anchor investors since the IPO.
An anchor lock-in period for a stock in an IPO is a predetermined time frame during which the early investors are restricted from selling their shares after the company goes public.
However, this doesn't mean investors will offload their holdings, it has just been freed up for trade.
This period, often ranging from 90 to 180 days, helps stabilize the stock price by preventing a sudden influx of shares into the market immediately after the IPO. Once the lock-in period ends, these shareholders are free to sell their shares, which can impact the stock's price due to increased supply.
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