Shares worth Rs 80,000 crore to exit IPO lock-in
Bankers and brokers said a chunk of these shares could flood the market as various investors would look to book profits with the stock market precariously perched.
«Release of lock-in would necessarily mean an anticipation of oversupply in the market, which in turn has an effect on the stock prices,» said Venkatraghavan S, MD of investment banking, Equirus. «For savvy investors, we expect there will be a discipline and strategy to their divestment, driven by demand-supply considerations while some of the selling could be on account of portfolio rebalancing.»
Market observers will be keenly monitoring the actions of pre-IPO investors and promoters in firms such as Brainbees, Ola Electric Mobility, Premier Energies, Akums Drugs and Pharma, Concord Biotech, Juniper Hotels, Ceigall India and Swiggy, among others.
The end of the lock-in may not mean an immediate sell-off, but shares of companies with weaker prospects are more vulnerable.
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