Urban Company, ICICI Pru AMC Stocks In Focus With Lock-In Expiry Today, March 17 | Key Things To Know

Anchor Lock-In Expiry: Shares of Urban Company, ICICI Prudential AMC will remain in focus during Tuesday, March 17 intraday trading session due to the anchor lock-in expiry. Nearly 66% shares of the company will become eligible for trading on the day.

Urban Company shares closed 3% higher at Rs 113 per share on BSE with a market capitalisation of Rs 16,573.82 crore on BSE on Monday, March 16. The stock had touched an intraday high of Rs 113.95 per share and an intraday low of Rs 108 per share.

ICICI Pru AMC share price closed 0.3% higher at Rs 2888.4 per share on BSE on Monday, March 16. The stock had touched an intraday high of Rs 2905.75 per share and an intraday low of Rs 2821.70 per share.

Urban Company Share Price In Focus Due To Lock-in Expiry

Nearly 66% of Urban company shares will become eligible for trading after the completion of six month anchor lock-in expiry period on Tuesday, March 17. As per Nuvama Institutional equities report, nearly 941 million shares will become eligible for trading after the expiry of anchor lock-in.

ICICI Prudential AMC Share Price In Focus On March 17 Due to Lock-In Expiry

Around 1% of ICICI Prudential AMC shares, equivalent to 7 million shares, will become eligible for trading after the expiry of the lock-in on Tuesday.

What is Lock-In Expiry Period? Why It Matters?

The term is linked to an initial public offering, i.e., IPO. Whenever a company brings its IPO, it sells a portion of it to large institutional investors, including mutual fund houses, insurance companies, etc. Lock-in period is a mandatory duration for which these large institutional investors are required to hold an IPO.

Lock-in expiry is the date when early institutional investors who bought shares in an IPO (anchor investors) are allowed to sell their shares in the market after the mandatory holding period. The lock-in period may vary for different IPOs and can be of one month, three months, and six months.

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