Promoter lock-in
Regulation & taxThe period after a public issue during which promoters may not transfer their shares under the SEBI ICDR Regulations — broadly eighteen months on the minimum promoter contribution and six months on holdings above it, with longer periods where the issue funds capital expenditure.
In plain terms
A shareholder who is not deciding whether to sell but is prevented from selling until a date the offer document names. The absence of selling before that date says nothing whatever about intention.