Paytm, Policybazaar, Nykaa, and other stock Investments at Stake as anchor investors lock-period ends
Street brokers will be watching closely whether the institutional investors, who make up the anchor portfolio, will stay invested or make a profit and return home. Paytm, Policybazaar, Nykaa, and a few other recent IPO stocks face their first stock price stress test this month when major investors are allowed to sell their stakes. Most stocks listed at a significant premium over their respective issue prices in November in a booming IPO market. But major investors lock in ten of those stocks are expected to open in December after 30 days. Brokers will be watching closely whether the institutional investors,…