The share of new-age tech companies like Nykaa, Policybazaar, Paytm, and Zomato, is likely to come under pressure as $14 billion worth of lock-in shares in these companies will be available to be sold in the market.
Leading Investors like Warren Buffet and Masayoshi Son, who had made bet in these companies are expected to exit or sell a part of their holdings.
Rules require a one-year lock-in period for the pre-IPO investors post listing. That lock-in for at least 11 companies ends over the next couple of days, and it is feared that the key investors will dump all or a part of their holdings in the market.