According to SEBI regulations, Philips India’s lock-in period is six months from the date of listing. The lock-in period is the time period during which an investment cannot be withdrawn or redeemed. Previously, the lock-in period was one year, but in order to encourage investors to stay invested in startups planning to go public, SEBI has reduced the lock-in period from one year to six months. A lock-in period does not imply investment tenure. The investment tenure can be longer than the lock-in period.