InvestorQ : Do you expect improvement in the performance of recently listed IPOs like Windlas Biotech and Krsnaa Diagnostics?
Rashi Mehra made post

Do you expect improvement in the performance of recently listed IPOs like Windlas Biotech and Krsnaa Diagnostics?

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Archita Jajjoo answered.
3 months ago
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In fact, on Thursday 09-Sep, the 4 companies that listed last month fell, ahead of the end of the lock-in period for anchor investors. Anchor investments are locked in for a period of 1 month and it has been seen there is selling pressure after that. However, Krsnaa and Windlass as well as CarTrade continued to trade at a discount to the issue price. Devyani International and Exxaro Tiles are trading at a premium to the issue price.

In recent weeks, a number of shares including Zomato and Glenmark Life Sciences came under heavy pressure after the end of their respective anchor lock periods at the end of one month. It is estimated that anchor investors sold close to 56 lakh shares of Krsnaa Diagnostics and 26 lakh shares of Windlass Biotech. Anchor investors are institutional players like mutual funds, life insurance companies and FPIs.

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