The upcoming IPO lock-in expiries could put nearly $35 billion worth of shares on investors' radar over the next few months, as pre-listing shareholder lock-in periods across 116 companies are set to end between 9 November 2026 and 26 February 2027.
The list includes several prominent recent listings, such as Jio Platforms, Zetwerk Manufacturing Business, Shiprocket, Milky Mist Dairy Food, SBI Funds Management and the National Stock Exchange of India (NSE). However, unlocking shares does not necessarily mean they will be sold in the market. A substantial portion of the shares is held by promoters and their groups, who may continue to hold their stakes.
According to an analysis by Nuvama Institutional Equities, the aggregate value of shares becoming eligible for trading during this period is estimated at around $35 billion. The brokerage has analysed promoter and non-promoter shareholdings across companies listed up to 5 November 2026.
Here's a closer look at the upcoming IPO lock-in expiries, the companies in focus and the shareholding blocks set to unlock.
IPO lock-in periods prevent certain shareholders, including promoters, anchor investors and pre-listing investors, from selling their shares for a specified period after a company's listing. Once the restriction ends, these shareholders become eligible to sell their holdings, potentially increasing the supply of shares in the market.