Indian market experts discuss Fidelity’s proposed lock-in rules for a potential SpaceX-related IPO, arguing they could limit selling and affect trading dynamics. Speaking in the context of India’s market framework, Zerodha CEO Nithin Kamath compared the situation to Indian stock-broker regulations, praising SEBI’s approach for stock brokers. The criticism focuses on the lock-in terms associated with the offering, with the experts implying that such restrictions can “gut” liquidity or investor flexibility if implemented broadly or too strictly. While the discussion centers on the mechanics of the lock-in provisions, it also highlights how different regulatory environments can shape expectations for deal terms and secondary-market behavior. Kamath’s comments emphasize that India’s established regulatory structure is aimed at ensuring clearer standards for market participants. Overall, the outlets report that market participants are scrutinizing whether Fidelity’s lock-in conditions are consistent with practical market functioning, drawing comparisons with India’s SEBI-regulated ecosystem for intermediaries.