New Delhi, March 16 -- On March 16, the share prices of four newly listed companies decreased as their IPO lock-in periods came to an end, allowing a total of 3.6 crore shares to be traded in the market.
Fractal Analytics saw a decline of 4.35% after approximately 0.69 crore shares (4% of its total equity) became available for trading; the current stock price is roughly 12% lower than its IPO price of Rs.900.
Aye Finance dropped 7.42% as its one-month lock-in period expired, making around 1.76 crore shares (7%) available for trading. Park Medi World experienced a 3.2% decline as 0.85 crore shares (2%) were unlocked for trade, while Nephrocare Health Services fell by 2.8% after 0.28 crore shares (3%) were made tradable on March 16.
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