Startup IPO Lock-Ins Expire: ₹2.3 Lakh Crore of Shares Eligible for Trading by August

Mumbai | 14 May 2026 

Shares worth nearly ₹2.29 lakh crore across 11 newly listed new-age companies are becoming tradable between May and August 2026 as pre-listing lock-in periods expire, Moneycontrol reported. The figures are based on shares unlocked following expiry and company closing prices on the BSE as of 13 May 2026. 

What Are Startup IPO Lock-Ins? 

Lock-in periods restrict pre-IPO shareholders from selling their shares for a defined window after listing. Once these periods end, the shares become available to sell on the secondary market. The current cycle covers 11 new-age firms that listed over the past year. 

Which Lock-Ins Have Already Expired? 

Three large expiries have crossed in the past week, unlocking shares worth a combined ₹1.43 lakh crore. 

Groww accounts for the single-largest unlock in the cohort. 

How Have the Markets Reacted So Far? 

Block deal activity has already begun. 

• Investors in Lenskart sold shares worth around ₹5,650 crore through block deals after the expiry. 

• Investors in Groww, including YC Holdings, Ribbit Capital and Peak XV Partners, sold shares worth ₹5,326 crore. 

• Lenskart shares slipped around 3 to 4 percent following its block deals. 

• Groww shares declined roughly 7 percent after the Peak XV, Ribbit and YC Holdings sale. 

• Pine Labs shares fell as much as 10 percent after its expiry. 

Which Lock-Ins Are Next? 

Meesho is set to see more than 308 crore shares, worth around ₹59,130 crore, unlock on 10 June 2026. Fractal shares worth ₹8,142 crore become tradable in August 2026. 

Other companies in the pipeline include PhysicsWallah, Amagi, Wakefit, Shadowfax, Capillary Technologies and Aye Finance. 

How Does This Compare to the 2025 IPO Cycle? 

The current cycle follows a record year for startup listings in India. New-age firms raised nearly ₹40,000 crore through 15 IPOs in 2025, up over 35 percent from around ₹29,000 crore raised through 13 IPOs in the previous year. 

Outlook 

Expiries for several large startup IPOs are scheduled through the next few months. Unlocked shares do not mean immediate sale. The pace of secondary share sales, block deal activity and the response of listed new-age firms to fresh supply will be tracked through the August 2026 window. 

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