Four recently listed IPO stocks dip ahead of anchor lock-in expiry

Shares of four companies that made their stock market debut last month fell, ahead of the end of the lock-in period for anchor investors. Krsnaa Diagnostics, Windlas Biotech, Exxaro Tiles and Devyani International shed between one per cent and three per cent in Thursday’s trade. The Nifty Smallcap 100 index, on the other hand, rose 0.64 per cent. The 30-day lock-in period for anchor investors ends on Monday for all the four companies. In recent weeks, shares of Zomato and Glenmark Life Sciences have come under pressure after the end of their respective anchor lock periods.

As per an analysis