Crest Micro Life Insurance’s locked shares are about to become available for trading. A portion of the company’s shares, which have been under a lock-in period, will be free to trade starting this Ashwin. Investors are paying close attention as this could affect market activity.
Out of the total 22.5 lakh shares issued by Crest Micro Life Insurance, 5 percent were allocated to mutual funds. This means 1,12,500 shares have been locked since their allotment.
The lock-in period for these mutual fund shares will end on Ashwin 5. According to the rules, shares given to mutual funds must remain locked for six months.
Looking back, the company opened its IPO for the general public from Falgun 22 to 26, 2081. It offered 18,45,000 shares at Rs 100 per share. The allotment of these shares was completed on Chaitra 5, 2081.
The end of the lock-in period is important for investors. These shares could enter the market soon, which may affect trading activity and share prices. Many investors and market watchers are following this closely.
