Synopsis:
Certain anchor investors in Smartworks Coworking Spaces Ltd and Bharti Hexacom Ltd are now eligible to sell their shares following the completion of the lock-in period.
Anchor investors are large institutional buyers who invest in a company’s IPO before it opens to the public, providing initial confidence in the issue.
A lock-in period is a fixed duration during which certain investors, such as promoters or anchor investors, are restricted from selling their shares after an IPO or allotment. It is designed to ensure market stability by preventing large-scale selling immediately after listing and to demonstrate the investors’ long-term commitment to the company. Once this period ends, the shares become eligible for trading in the open market. The lock-in period for anchor investors of Smartworks Coworking Spaces Ltd and Bharti Hexacom has ended, allowing them to sell their shares in the open market.
Smartworks Coworking Spaces Ltd
Smartworks Coworking Spaces Ltd is a leading provider of flexible and managed office spaces in India. The company offers modern coworking solutions to startups, SMEs, and large enterprises, focusing on creating collaborative work environments with advanced infrastructure and amenities.
With market capitalization of Rs. 6,490 per share, the shares of Smartworks Coworking Spaces Ltd are currently trading at Rs. 565 per share, decreasing 4% in today’s market session making a low of Rs. 562, from its previous close of Rs. 586.75 per share.
The lock-in period for anchor investors of Smartworks Coworking Spaces Ltd has ended, allowing them to sell their shares in the open market. As a result, 2% of the shares held by these anchor investors are now eligible for sale.
Bharti Hexacom Ltd
Bharti Hexacom Ltd is one of India’s largest telecom infrastructure companies, providing passive infrastructure solutions such as telecom towers, fiber networks, and related services to telecom operators. The company plays a key role in supporting India’s growing digital and mobile connectivity needs, offering scalable and reliable infrastructure across urban and rural regions.
With market capitalization of Rs. 89,500 per share, the shares of Bharti Hexacom Ltd are currently trading at Rs. 1,790 per share, increasing nearly 3% in today’s market session making a high of Rs. 1,799.60, from its previous close of Rs. 1,751.90 per share.
The lock-in period for anchor investors has also concluded, making a significant portion of shares available for sale. Specifically, 20% of the shares held by anchor investors can now be traded in the market.
Written by Manideep Appana
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