$11 billion worth of IPO shares set for lock-in expiry over next 3 months. What shareholders should know

About $11 billion worth of shares from recent IPOs will face lock-in expiry over the next three months, potentially weighing on stock prices. Major unlocks include Bharat Coking Coal with 70 percent of equity unlocking on July 17, Shadowfax Technologies at 45 percent on July 24, Aye Finance at 59 percent on August 13, and Fractal Analytics at 51 percent on August 14. Analysts at Nuvama noted that actual market impact will depend on how much of the eligible stock is eventually offered for sale, as promoter-held shares typically remain retained.