Anchor investors may not rush for the exit when their IPO lock-in periods end, but their holdings steadily shrink over the following months, according to a recent report by the Securities and Exchange Board of India (SEBI).
The study, co-authored by Laltu Pore, Pampana Hari Nayak and Akshay, examined 242 mainboard IPOs and found that while only a small share of anchor allocations was sold around the first unlock, roughly half of the original anchor allotment value had been disposed of within a year.
