12,052,347 Equity Shares of Shera Energy Limited are subject to a Lock-Up Agreement Ending on 13-FEB-2024. These Equity Shares will be under lockup for 365 days starting from 13-FEB-2023 to 13-FEB-2024.

Details:
20% of the post offer capital of our company held by the Promoters, which will be locked-in for three years, the balance Equity Shares held by Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer as provided in clause (b) of Regulation 238 of the SEBI (ICDR) Regulations, 2018.

In terms of Regulation 239 of the SEBI (ICDR) Regulations, 2018, the entire pre-offer capital held by the Persons other than the Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer. Accordingly, Equity shares held by the Persons other than the Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer.