Fractal Analytics, Park Medi, and Two Others Decline Up to 7% as Lock-in Period for 3.6 Crore Shares Expires Today

Market Update: IPO Lock-in Period Expirations

On Monday, March 16, shares of four newly-listed companies declined following the expiry of their IPO lock-in periods. A total of 3.6 crore shares became eligible for trading, with the following declines observed:

• Fractal Analytics: 4.35% decline 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 ₹900.
• Aye Finance: 7.42% decline as its one-month lock-in period expired, making around 1.76 crore shares (7%) available for trading.
• Park Medi World: 3.2% decline as 0.85 crore shares (2%) were unlocked for trade.
• Nephrocare Health Services: 2.8% decline after 0.28 crore shares (3%) were made tradable on March 16.

According to a report by Nuvama Wealth Management, the lock-in periods for pre-listing investors in 88 companies that went public recently are set to conclude between March 11 and June 29, 2026, which could release shares worth nearly $72 billion (around ₹6.6 lakh crore).

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Upcoming Lock-in Period Expirations

• Gaudium IVF and Women Health: 0.3 crore shares (4%) scheduled to be unlocked on March 27.
• PNGS Reva Diamond Jewellery: nearly 0.2 crore shares (7%) to be released on March 30.
• Clean Max Enviro Energy Solutions: about 0.4 crore shares (4%) to be released on March 30.
• Omnitech Engineering: roughly 0.4 crore shares (3%) to become available for trading starting April 1.

Three-month IPO Lock-in Period Expirations

Several companies will have their three-month IPO lock-in periods end in the coming months, allowing early investors to sell a portion of their shares. Notable expirations include:

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• ICICI Prudential Asset Management Company: approximately 0.7 crore shares (1%) eligible for trading on March 17.
• KSH International: 0.3 crore shares (4%) on March 19.
• Gujarat Kidney & Super Speciality: 0.4 crore shares (6%) on March 27.

In April, additional companies with upcoming three-month IPO lock-in period expirations include:

• Bharat Coking Coal Limited: 5.9 crore shares (1%) available for trading.
• Amagi Media Labs: 1.1 crore shares (5%) available for trading.
• Shadowfax Technologies: 3.5 crore shares (6%) available for trading.