SJS Enteprises shares have been trading mute on Thursday ahead of the anchor investors' lock-in expiry day on December 10, 2021. The deadline of the anchor investors to sale shares in as many as 10 stocks is ending this month, including three this week. Nykaa anchor investors lock-in ended on December 8, followed by Fino Payments Bank today.  Fino Payments Bank shares were trading negative by 2.50 per cent at Rs 382.80 on the anchor opening date. The shares have corrected over 35 per cent from its 52-week high value of Rs 583.35, which it hit on November 12.

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Meanwhile, SJS Enterprises stocks were trading flat with a negative bias at Rs 422 per share on the BSE in Thursday's intraday trade.  The stock was down by Rs 4 per share or 0.94 per cent. Even the data of the last five trading sessions show a negative trend for decorative aesthetics company. With the anchor investors' lock-in expiry looming, the shares of SJS Enterprises can see a further dip.  

Earlier, Shares of SJS Enterprises IPO had made a weak listing on the National Stock Exchange (NSE) and BSE at over 1% discount from its price band of Rs 531-542 per share.  

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Also, traditionally, such stocks on average have seen prices declining on the anchor opening date and further decline have been witnessed in such shares in the next five trading sessions, showed data from Edelweiss Alternative Research.  

Besides, Policy Bazaar, Sigachi Industries and Paytm, and Sapphire Foods shares will also test the anchor opening date challenge as the anchor lock-in expiry in these stocks ends between December 13 to December 16.

A Qualified Institutional Buyer (QIB) is an anchor investor, who makes an application of a value of at least Rs 10 crore in a public issue, as per the Ministry of Corporate Affairs. There shall be a lock-in of 30 days on the shares allotted to the anchor investor from the date of allotment in the public issue.