Sanvi Energy Limited’s lock-in period is about to end this Mangsir. The shares that were allocated to mutual funds about 5% of the total, or 145,500 units will be free for trading after Mangsir 25.
According to rules, shares given to mutual funds during IPO allocation must stay locked for six months from the allotment date. Sanvi Energy had opened its IPO for the public from Jestha 9 to Jestha 13, 2082, and the shares were allotted on Jestha 26.
Once the lock-in ends, these shares can be traded in the secondary market, which could slightly affect Sanvi Energy’s share movement depending on investor sentiment.
