LIC, 7 other firms in focus as anchor investors' lock-in period ends

Share price comes under pressure around the time when such a deadline is over, trend shows

The 30-day lock-in period meant for anchor investors in initial public offerings (IPOs) is set to end for eight companies that made their debut share sale in May.

In the past, share prices of companies have come under pressure around the time the anchor lock-in ends. This time around too downward pressure is evident. Shares of LIC fell for a fifth straight day on Thursday. The state-owned insurance behemoth’s share price is now down 24 per cent over its issue price. Further correction can’t be ruled out as the lock-in period on all its shares allotted to anchor investors ends