The next IPO lock-in expiry wave covers 116 listed companies, with lock-ins ending between 9 November 2026 and 26 February 2027. As per a Livemint report on 10 November, quoting Nuvama Institutional Equities, the shares that become free to trade are worth about $35 billion. Jio Platforms, Zetwerk, Shiprocket, NSE and SBI Funds Management are on the list.
A lock-in is the period in which promoters, early investors and anchor investors cannot sell their shares after a listing. When it ends, they are allowed to sell. They do not have to.
Why $35 billion does not mean $35 billion of selling
The figure adds up every share that becomes eligible for trading. Much of it belongs to promoters and their groups, who may simply keep holding.
Nuvama itself says the full amount should not be read as selling pressure. The real effect depends on who the holder is, how big the stake is and what the market looks like at the time.
Which lock-ins end first
The table below uses the dates and figures from the Livemint report. Share counts are in millions. Our own anchor calendar for the same week may show a day's difference for some names, as the two count from different allotment dates.
| Company | Date | Shares | Share of equity |
|---|---|---|---|
| LEAP India | 11 Nov | 23 million | 5% |
| Milky Mist Dairy Food | 12 Nov | 17 million | 2% |
| Shiprocket | 16 Nov | 37 million | 5% |
| Horizon Industrial Parks | 18 Nov | 97 million | 3% |
| Zetwerk Manufacturing | 20 Nov | 75 million | 4% |
| Jio Platforms | 25 Nov | 36 million | 0.4% |
| CMR Green Technologies | 9 Dec | 142 million | 65% |
| Turtlemint Fintech | 28 Dec | 160 million | 54% |
| SBI Funds Management | 18 Jan | 1,428 million | 70% |
Dates in November are mostly one-month and three-month lock-ins. The biggest stakes sit in the six-month group, which runs through December and January.
Read the percentage before the share count
Jio's 36 million shares sound large, but they are only 0.4% of the company. SBI Funds Management has 70% of its equity coming free on 18 January.
Other six-month expiries in the report are Hexagon Nutrition (54%, 15 December), Laser Power & Infra (55%, 18 January) and CSM Technologies (55%, 4 January). Kusumgar has 60% free on 14 January.
What our data shows
Anchor shares have a shorter clock. Half come free after 30 days and the rest after 90 days. Among this week's 90-day expiries, Dhoot Transmission is trading about 87% above its issue price of ₹871. Milky Mist Dairy Food is about 112% above ₹140. Holders in that position have a gain to book. Whether they do is only visible later.
Our mainboard listing performance table shows the issue price and current price of each IPO.
What happens next
You will not see selling on the day a lock-in ends. It shows up weeks later in block deals and in each company's quarterly shareholding filing. Our anchor lock-in calendar for this week lists the next dates, and we covered the earlier count of 91 companies in our October lock-in story. The Nuvama numbers are for companies listed up to 5 November 2026, as per Livemint.
