Hello,
I have policy bazaar unlisted shares after listing ipo my unlisted shares are under freeze, reason they provide unlisted shares have lock-in period 1year. Kindly assist on this. And kindly share any sebi circular regarding this. Thanks!
Hello,
I have policy bazaar unlisted shares after listing ipo my unlisted shares are under freeze, reason they provide unlisted shares have lock-in period 1year. Kindly assist on this. And kindly share any sebi circular regarding this. Thanks!
the lock-in is a legal requirement under Part IV of the SECURITIES AND EXCHANGE BOARD OF INDIA
(ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009.
This is also mandatorily disclosed in the DRHP/RHP/Prospectus of the issuer company.
There is an exception though and it is mentioned in the offer document as well.