New Delhi, March 18 -- International Gemmological Institute Ltd (IGI) share price declined by 5 per cent, reaching a lower circuit of Rs.288 during morning trading. This drop coincides with the end of a three-month lock-in period, releasing 2.28 crore shares-equivalent to 5 percent of the company's total equity-into the market for trading.

Since its listing, IGI stock has experienced a significant decline. After reaching a post-listing high of Rs.642, the stock has fallen nearly 55 per cent to a low of Rs.282. Currently, it is trading approximately 30 per cent below its IPO price of Rs.417.

It's important to note that the conclusion of a shareholder lock-in period doesn't necessarily result in all shares being sold in the open market; i...