Description

Lock-in details for equity shares of Gem Aromatics Limited following IPO listing with various lock-in periods for different investor categories.

Summary

Gem Aromatics Limited has provided lock-in details for its equity shares following IPO listing. The circular specifies lock-in periods for different categories of shares, including promoter shares with varying lock-in periods from 6 months to 3 years, and anchor investor shares with 30-90 day lock-in periods.

Key Points

  • Total locked-in shares: 4,25,17,906 equity shares across different categories
  • Public IPO shares (97,19,232 shares) are not under lock-in
  • All shares are in demat form
  • Lock-in details are provided as per page 143-144 of the company’s prospectus
  • Company registered office: A/410, Kailas Complex, Vikhroli West, Mumbai

Lock-in Categories and Periods

Promoter/Pre-IPO Shares:

  • 95,88,159 shares: 22-Aug-2025 to 25-Feb-2026 (6 months)
  • 1,83,16,364 shares: 22-Aug-2025 to 25-Aug-2026 (12 months)
  • 1,04,48,000 shares: 22-Aug-2025 to 25-Aug-2028 (36 months)

Anchor Investor Shares:

  • 20,82,691 shares: Lock-in for 30 days until 20-Sep-2025
  • 20,82,692 shares: Lock-in for 90 days until 19-Nov-2025

Public Issue Shares:

  • 97,19,232 shares: No lock-in applicable

Compliance Requirements

  • Lock-in shares cannot be traded during specified periods
  • Company must maintain records of distinctive numbers for presentation purposes
  • Compliance officer: Pooja Padam Bhandari (Membership No.: A73944)

Important Dates

  • Lock-in commencement: 22-Aug-2025
  • Anchor investor 30-day lock-in ends: 20-Sep-2025
  • Anchor investor 90-day lock-in ends: 19-Nov-2025
  • First promoter lock-in ends: 25-Feb-2026
  • Second promoter lock-in ends: 25-Aug-2026
  • Final promoter lock-in ends: 25-Aug-2028

Impact Assessment

  • Immediate trading liquidity limited to 97,19,232 public issue shares
  • Gradual increase in tradeable shares as lock-in periods expire
  • Anchor investor shares will add liquidity starting September 2025
  • Significant promoter shareholding remains locked for extended periods, ensuring management stability

Impact Justification

Standard post-IPO lock-in disclosure affecting trading liquidity for specific share categories