# SEBI study: Anchor investors sell 50% of IPO holdings within a year

2026-08-13T20:07:17+00:00 | Governance | Indian Opinion Desk

Corroboration: 2 independent outlets

Anchor investors sell half their IPO holdings within a year of listing, a new SEBI study of 242 mainboard IPOs listed between April 2022 and October 2025 has found. Aggregate weighted exit rises from 3.5% at 30 days to 50.7% by T+365. The sharpest price pressure of minus 6% median comes around the 30-day unlock window. Foreign portfolio investors lead selling, offloading 60% of their anchor allotment by one year, against mutual funds’ 38%. FPIs sold shares worth Rs 22,474 crore in absolute terms. The study, authored by Laltu Pore and Pampana Hari Nayak Akshay, also found smaller IPOs see higher exits, 72.5% for issues under Rs 250 crore versus 40.8% for those above Rs 1,000 crore.

## Coverage

- thehindu.com <https://www.thehindu.com/business/anchor-investors-sell-50-of-ipo-holdings-after-a-yearsebi/article71342248.ece>
- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/fpis-lead-anchor-selling-in-ipos-sebi-study-finds-sharp-price-pressure-after-30-day-unlock/article71343854.ece>

Tags: anchor investors, FPIs, IPOs, lock-in period, mutual funds, SEBI
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