Pace Digitek, Ellenbarrie Shares Plunge After Lock-in Ends, Trade Below IPO Price

• Pace Digitek and Ellenbarrie Industrial Gases shares fell after shareholder lock-in periods ended on December 30.
• Pace Digitek's 5.6 million shares (3% equity) valued at ₹103.88 crore became eligible for trading, with shares 15% below IPO price.
• Ellenbarrie Industrial Gases saw 23.3 million shares (17% equity) worth ₹780.78 crore unlock, trading 16% below its IPO price.
• Motilal Oswal had a 'Buy' rating on Ellenbarrie with a ₹680 target, citing strong business model and growth projections.
• The end of lock-in makes shares eligible for trade, not necessarily sold.

Why It Matters: Shareholder lock-ins ending led to Pace Digitek and Ellenbarrie shares falling below IPO prices.