Unlisted Shares Lock-In period

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. Screenshot 2021-11-19 at 9.24.00 AM