Sirca Paints came out with an IPO issue in May 2018 on the SME segment of NSE.
They had roped in some marquee names as anchor investors @ 160 Rs/share.
So its a surprise to see one of the Anchor Investors exit within a month and half of listing
So is the lesson here “Fronti nulla fides” ?
3 replies on “Sirca Paints : A Lesson in Anchor Investing”
This is happening across all SME.
I thought anchor funds have some minimum time holding applicable at least for the main board companies. Not sure about SME.
30 Days Lockin for anchor investors