Zomato at all time lows,will it become a penny stock?

Zomato's stock has hit it's all time low today
As all the pre IPO investors had a 1 year lock in period
And today it expired
There were a lot of sell orders
The volume in the first 2 candles itself was about 70 million

What do u think of this?
Why did Zomato hit the atl?
Do u think it will become a penny stock?