The stock has gained 8% since it listed on July 21 this year. The stock had an IPO price of ₹570 per share.
Shringar House of Mangalsutra will see 3.6 million shares or 4% of the company’s outstanding equity will become eligible for trading today.The stock is still trading around its listing price of ₹188.50 per share. The ₹400 crore IPO drew robust investor demand, with subscriptions exceeding 60 times. The issue was priced in the ₹155-165 band.
Dev Accelerator will also see 5.2 million shares or 6% of its outstanding equity become eligible for trading with the lock-in period ending.
The stock has declined 21% from its IPO price since it was listed in September this year.
It must be clarified that lock-in periods ending does not necessarily mean that the shares will be sold in the open market. Lock-in periods ending only means that they will become eligible for trade.

