13,168,000 Equity Shares of Quadpro ITeS Limited are subject to a Lock-Up Agreement Ending on 30-OCT-2022. These Equity Shares will be under lockup for 395 days starting from 30-SEP-2021 to 30-OCT-2022.

Details:
The company Promoters have given written consent to include 5,057,000 Equity Shares held by them as a part of Minimum Promoters' Contribution constituting 20.01% of the post Offer Paid-up Equity Shares Capital of our Company (“Minimum Promoters' contribution”) in terms of Sub-Regulation (1) of Regulation 236 of the SEBI (ICDR) Regulations, 2018 and have agreed not to sell or transfer or pledge or otherwise dispose of in any manner, the Minimum Promoters' Contribution, and to be marked Minimum Promoters' Contribution as locked-in for a period of three years from the date of allotment.

In addition to Minimum Promoters' Contribution which shall 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. 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 2257315 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.