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Fortnightly Review of Anchor Lock-In Releases and Post-Listing Stock Performance

The IPO Anchor Lock-in Monitor is a fortnightly tracker designed to provide a consolidated view of upcoming anchor investor lock-in expiries across recently listed companies. The report captures key IPO and anchor allocation details, including the anchor bid date, 30-day and 90-day lockin expiry dates, issue price, anchor issue size, total shares allotted to anchor investors and the quantum of shares becoming eligible for release at each lock-in expiry date. It also tracks post-listing stock performance through listing-day returns and returns versus the IPO issue price at the current market price. At the company level, there are separate sheets in the excel attached below providing a detailed break-up of anchor participation, including investor-wise allocation, group entities, shares allotted, amount invested, percentage allocation and share of the overall issue.

Between 5 October and 16 October 2026, 18 companies are scheduled to reach an anchor lock-in expiry, comprising 14 companies under the 30-day lock-in period and four companies under the 90-day lock-in period. Across the upcoming 30-day expiries, the proportion of shares becoming eligible for trading ranges from approximately 12% to 22% of the respective companies’ total shares, with most companies seeing around 15% of total shares come out of lock-in.*

Among the 14 upcoming 30-day expiries, Purple Style Labs and Manipal Payment & Identity Solutions have the highest proportion of shares becoming eligible for trading at approximately 22% of total shares each, followed by Rays of Belief at ~20%. Lumino Industries, ESDS Software Solution, Priority Jewels, Deepa Jewellers, Glass Wall Systems, Prasol Chemicals, Kanohar Electricals, Rentomojo, Asset Reconstruction Co. (India) and Steamhouse India each have approximately 15% of their total shares becoming eligible for trading. Pranav Constructions, at approximately 12%, has the lowest proportion among the upcoming 30-day expiries.

Stock performance across the upcoming 30-day unlocks remains largely positive, with 11 of the 14 companies currently trading above their IPO issue price. ESDS Software Solution is the strongest performer at approximately 234% above its issue price, followed by Glass Wall Systems (+51%), Priority Jewels (+47%), Steamhouse India (+35%), Kanohar Electricals (+34%) and Rentomojo (+27%). Manipal Payment & Identity Solutions (+21%), Prasol Chemicals (+21%), Lumino Industries (+21%), Deepa Jewellers (+11%) and Asset Reconstruction Co. (India) (+3%) are also trading above their respective issue prices. In contrast, Pranav Constructions (-20%), Purple Style Labs (-7%) and Rays of Belief (-5%) are currently below their IPO issue prices.

On the 90-day lock-in side, Knack Packaging, Kusumgar, Laser Power & Infra and SBI Funds Management are scheduled to reach their respective expiries during the period. The shares becoming eligible for trading represent approximately 14–15% of total shares across these companies.* Stock performance within this group is mixed: Kusumgar is trading approximately 43% above its issue price, followed by Laser Power & Infra at +23% and Knack Packaging at +6%, while SBI Funds Management is trading approximately 12% below its issue price.

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