11 IPOs Face Rs 2,378 Crore Lock-In Expiry in April-May
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- Axis Securities flagged Rs 2,378 crore in cumulative anchor investor share unlocks across 11 IPO companies for April and May, based on data as of March 2026, with 30-day expiries concentrated in April and 90-day expiries spilling into May.
- Fractal Analytics faces the largest single expiry of the two-month window, with Rs 528 crore in shares becoming eligible for trading on May 12.
- Central Mine Planning & Design has the biggest April unlock at Rs 421 crore on April 23, followed by Shadowfax Technologies at Rs 397 crore on April 22 and Amagi Media Labs at Rs 366 crore on April 18.
- Sedemac Mechatronics leads April with a Rs 364 crore unlock on April 7, while Clean Max Enviro Energy rounds out the May cluster with Rs 336 crore on May 26.
- Amagi Media Labs and GSP Crop Science both see expiries on April 18 (Rs 366 crore and Rs 127 crore respectively), a clustering the source flags as potentially contributing to cumulative mid-month supply pressure.
- Gaudium IVF and Women Health has the smallest expiry at just Rs 22 crore on May 25, a size the source says is unlikely to materially impact stock movement on its own.
Why it matters: With Rs 2,378 crore in once-restricted shares hitting the market across 11 names in under two months, traders and recent IPO investors face concentrated supply risk, particularly around April 18 (Amagi and GSP clustering) and May 12 (Fractal Analytics' Rs 528 crore unlock, the single largest event in the window).
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