{
  "id": 828451,
  "title": "FPIs lead anchor selling in IPOs, SEBI study finds sharp price pressure after 30-day unlock",
  "url": "https://urgent.news/2026/08/14/fpis-lead-anchor-selling-in-ipos-sebi-study-finds-sharp-price",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T01:15:53.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/fpis-lead-anchor-selling-in-ipos-sebi-study-finds-sharp-price-pressure-after-30-day-unlock/article71343854.ece"
  },
  "original_language": "en",
  "account": "A Sebi study discovered that Foreign Portfolio Investors (FPIs) were the primary anchor investors selling shares in Initial Public Offerings (IPOs), causing significant price pressure within the crucial 30-day unlock period. The research, covering 242 mainboard IPOs from April 2022 to October 2025, also revealed that smaller IPOs experienced higher anchor exits. FPIs led the exits, selling 24.5% of their allotment during the high-intensity selling period, while corporates and other QIBs exited 23.1% and 21.6% respectively. The price impact worsened with increased selling intensity, dropping to a median of -6% and an average of -3.5% in the T+29 to T+33 window. The pressure, however, subsided after the 90-day unlock window, with near-zero mean and median price changes across all exit-intensity buckets. Most anchor investors continued selling beyond the lock-in periods, with FPIs accounting for 60% of their allotment sold by T+365, followed by corporates, AIFs, and other QIBs. Smaller IPOs had higher anchor exits, with the Rs 0-250 crore issue-size category recording a 72.5% exit by T+365.",
  "summary": "The findings offer fresh insight into post-listing trading patterns, showing that selling pressure is strongest during the earliest unlock period",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}