SEBI IPO study: FPIs lead anchor selling as stocks face pressure after 30-day unlock

FPIs emerge as biggest sellers among anchor investors in IPOs' 30-day window: Sebi study

FPIs exited 24.5% of anchor stakes in 30 days, causing −3.5% average price hit across 242 Indian IPOs (Apr 2022–Oct 2025). Selling pressure mutes after day 90, but 50% of anchor allotments sell within a year, showing lock-in rules don't capture true exit patterns.