For the benefit of my fellow investors:
Lock-In for Pre-Ipo shares used to be 1 year, in December 2021 SEBI decided to reduce the time period from 1 year to 6 months.
What are pre IPO shares?
PreIPO shares are those purchased by investors before the company going for an IPO.
Who are these Investors ?
They might be VC funds,HNIs ,Angel Investors, PreIPO AIF funds etc who might have stayed invested from quite some time.
Why will they sell?
Problem for PreIPO investors is liquidity, they might have invested long back at prices, fraction to what they are today.
When given a chance many might look to exit, even at IPO prices they might be sitting on massive Mark to market gains.
To understand the exact quantum in this case, check the shareholding pattern:
73% of the public shareholding is lockedin, i.e 16.5cr shares worth about 18kcr
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