New Delhi, May 13 -- Shares of fintech company Pine Labs came under severe selling pressure in Wednesday's session on May 13, with the stock plunging 20% to the day's low of Rs.151 apiece on the NSE, as the supply of shares in the secondary market surged following the expiry of the six-month shareholder lock-in period.

The six-month lock-in period for pre-IPO investors who had invested in the company before its public listing in December 2025 ended today, making up to 92.4 crore equity shares, or nearly 80% of the company's outstanding equity, eligible for trading after the expiry of the lock-in period, CNBC-TV18 quoted Nuvama Alternative and Quantitative Research as saying.

A lock-in period in an IPO refers to a predetermined timeframe...