About 104.7 crore Lenskart shares worth more than Rs 51,000 crore become tradable today after a six month lock in expiry. The eyewear retailer’s stock has rebounded sharply since its muted listing, even as it faced social media backlash and later policy changes around religious symbols. Investors will now watch trading volumes and price moves closely.
IPO investors are bracing for lock-in expiries from May to August, when shares of 83 newly listed companies worth about $55 billion become eligible for trading. Big names including Lenskart, Groww, and Pine Labs are among those scheduled to see lock-ins end, raising expectations of volatility as early investors may sell and supply increases.
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