IPO update: 37 companies to see pre-IPO lock-in open up in four months
Angel One. Mazagaon Dock will see the three-year share lock-in opening on October 9, as per the report. After an IPO is listed, investors are required to keep the shares for a certain period of time.
They can sell those shares only after the lock-in period ends. This is to ensure that the companies stabilise and establish themselves before shareholders can exit. The length of the lock-in period differs for different kinds of investors.
As per brokerage firm Upstox, “In the case of institutional investors such as banks and hedge funds, the period is usually one year. The period typically is six months for individual investors who buy shares through an IPO. For an anchor investor, the period is usually longer than the other investors.
Thus, the lock-in period varies among the different IPO investors." As per BSE data, as many as 58 IPOs (Initial Public Offerings) have been launched this year so far out of which, 18 are on BSE main board and 40 are on the BSE SME segment. Read all market-related news here Disclaimer: The views and recommendations above are those of individual analysts and broking companies, not of Mint. We advise investors to check with certified experts before taking any investment decisions.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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