Will anchor investors flip D-Mart shares?

The 30-day lock-in period on anchor investors of Avenue Supermarts, the operator of D-Mart, ends on Monday. The question market experts are asking is whether anchor investors will sell at least a part of their shares, due to the good returns that they are already sitting on. While most of them say they plan to stay on with the investment as they are in it for the long haul or have strong personal equation with promoter Radhakishan Damani, some fund managers said the returns have surpassed their expectations and they won’t mind partial profit-taking. D-Mart had raised ~560 crore from anchor investors before its IPO. The stock is currently trading at ~780.50, 160 per cent higher than the issue price of ~299.