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New-Age Stocks Lock-In Period Ends: in 2021 Diwali After this, the stock exchange of listed startup companies Nykaa, Paytm, PB Fintech (PolicyBazaar) and Delhivery will remain in focus. It is believed that big fluctuations can be seen in the shares of these companies in the next few days. Actually, the lock-in period for anchor investors investing in these companies is going to end in the month of November. Anchor investors can exit by investing in these shares, due to which the shares of these companies are expected to decline.
Nykaa shares fall
On one hand, shares of these new age tech companies are trading more than 70 percent below their IPO price, on which the stock is likely to go down further after the end of the lock-in period, as in Zomato’s stock during the lock-in period. It was seen after the end. The lock-in period for investors investing in pre-IPO placements in Nykaa shares ends on November 10, 2022. Before that, the stock is trading at Rs 1093 with a fall of 3.38 percent, while the company had come up with an IPO at a share price of Rs 1125.
Possible fall in Paytm too!
The lock-in period of Paytm’s stock is also ending this month on November 18. The stock has been declining since the listing. It is trading at Rs 656, 70 percent below the IPO price of Rs 2150. It is believed that due to the selling of anchor investors, the stock may go down further. The IPO of PB Fintech i.e. Policy Bazaar also came a year ago. And the lock-in period is going to end for investors investing in pre-IPO placements. PB Fintech had come up with an IPO at Rs 980 per share. At present, the stock is trading at Rs 390 with a fall of 60 per cent. Delhivery is the third largest company in the e-commerce logistics space. The IPO (Intial Public Offering) of Unicorn company Delhivery came at a price of Rs 487 per share in the same year. But Delhivery’s stock has slipped due to the IPO price. The stock is trading 20 per cent below the IPO price level at Rs 394. The lock in period of Delhivery is ending on 24 November 2022.
There was also a decline in Zomato
Earlier in July this year, after the end of the lock-in period, the stock of food delivery company Zomato had seen a fall of up to 24 percent in 4 days. This fall was seen due to the sell-off by investors who had invested in the stock in the pre-IPO placement. And it is believed that the same situation can happen with other startup companies as well.
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