Anchor investors in 10 mainboard IPOs get free to trade shares between 15 and 20 November 2026. Five are the 90-day end of the lock-in and five are the 30-day half release. This is the anchor lock-in expiry this week, in one table.
Which IPOs unlock this week?
Behari Lal Engineering unlocks on Sunday 15 November, so its anchors can first trade on Monday. The other nine fall between 18 and 20 November. Prices below are the latest in our records.
| IPO | Unlocks on | What unlocks | Issue price | Price now | vs issue price | Anchor money |
|---|---|---|---|---|---|---|
| Behari Lal Engineering | 15 Nov | Remaining shares | ₹285 | ₹453.15 | +59.00% | ₹90.49 crore |
| Fusion CX | 18 Nov | 50% of shares | ₹289 | ₹303.70 | +5.09% | ₹315.90 crore |
| Lalithaa Jewellery Mart | 18 Nov | Remaining shares | ₹201 | ₹349.40 | +73.83% | ₹2,308.20 crore |
| Horizon Industrial Parks | 18 Nov | Remaining shares | ₹60 | ₹47.20 | -21.33% | ₹1,167.77 crore |
| Shankesh Jewellers | 19 Nov | Remaining shares | ₹93 | ₹89.82 | -3.42% | ₹110.19 crore |
| Sunshine Pictures | 19 Nov | Remaining shares | ₹360 | ₹440.60 | +22.39% | ₹84.64 crore |
| Tonbo Imaging India | 20 Nov | 50% of shares | ₹700 | ₹1,538.50 | +119.79% | ₹255.35 crore |
| Bonfiglioli Transmissions | 20 Nov | 50% of shares | ₹586 | ₹794.50 | +35.58% | ₹759.23 crore |
| Sahajanand Medical Technologies | 20 Nov | 50% of shares | ₹344 | ₹533.95 | +55.22% | ₹140.06 crore |
| Zetwerk Manufacturing Business | 20 Nov | 50% of shares | ₹151 | ₹184.53 | +22.21% | ₹2,251.27 crore |
NDTV Profit also lists ENS Enterprises among the names in focus. It is not in our mainboard records, so it is not in the table.
What is an anchor lock-in?
Anchors are big investors, such as mutual funds, who buy before the IPO opens to the public. They cannot sell right away. Half of their shares are locked for 30 days and the rest for 90 days.
When a lock-in ends, those shares are free to trade. That is all it means. Free to trade is not the same as will be sold, and many anchors hold on.
The biggest anchor books
Lalithaa Jewellery Mart had the largest anchor book of the week, at ₹2,308 crore from 22 anchors. Zetwerk Manufacturing Business followed with ₹2,251 crore from 99 anchors. Its issue was the biggest of the ten, at ₹5,012 crore.
Zetwerk is also the largest by issue size, so its 30-day release is the one to watch on its IPO page on 20 November.
What our data shows
Eight of the ten are above their issue price. Tonbo Imaging is the strongest, at nearly 120% above its issue price of ₹700. Two are below: Horizon Industrial Parks and Shankesh Jewellers.
What happens next
HD Fire Protect and Shiprocket anchors were freed on 15 November, as we covered in our Shiprocket lock-in post. For how earlier listings did after their lock-ins, see the IPO performance page. We will list next week's lock-ins on Monday 23 November.
