Retail investors would have to wait a few days before they get the other 5 shares. So Nica wouldn't see selling pressure on the day the lock in period ended. The impact would be spread out over a few days and maybe by then, retail investors would see the low price and lap up the shares. But there's one more thing about those extra bonus shares. Since they were given for free, the tax man assumes that the purchase price is set at 0. When these shares are sold immediately, at let's say 200 rupees, the entire 200 rupees is considered a profit. It's a short term profit that incurs a tax of 15%. Sure, you could adjust