March Release: $250M Worth of Shares Coming From Hexaware, Ajax, and More!

The Indian stock market is set to witness the release of over $250 million worth of shares in March 2025 as IPO lock-in periods for Hexaware Technologies, Ajax Engineering, and two other companies come to an end. Hexaware Technologies alone will see 50% of its anchor-investor shares unlocked on March 19, 2025, following its recent ₹8,750 crore IPO.

These expiries could increase market liquidity but may also exert pressure on stock prices if investors opt to sell their holdings. Hexaware’s IPO had a strong anchor investor response, with ₹2,598 crore raised prior to listing.

Such lock-in expiries are part of a broader trend in India’s IPO market, which has remained active despite economic uncertainties. Analysts suggest monitoring these stocks closely for potential volatility.

Source: Mint, Economic Times