More pain for Paytm shareholders as the stock collapsed over 12% in intraday as anchor lock-in period for the IPO ended on December 15. Here is what you need to know-:
- Paytm raised over Rs 8000 cr from 122 anchor investors ahead of it's mega IPO
- The lock-in period of the shares held by anchor investors ends 30 days after allotment
- Anchor investors are not allowed to sell shares from the IPO issue in the lock-in period
- Paytm stock fell back towards Rs 1300/share as selling pressure intensified at the start of trade.
- Stock currently trading nearly 40% lower than issue price
- According to a note released by Edelweiss Alternative Research, 76% of the stocks have felt the heat when the anchor investor lock-in expired this year