Description

Lock-in schedule and details for equity shares of Gem Aromatics Limited following IPO listing on BSE.

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 and anchor investor allocations, with varying lock-in durations from 30 days to 3 years.

Key Points

  • Total locked-in shares: 4,25,17,906 equity shares across different categories
  • Public IPO shares: 97,19,232 shares not under lock-in
  • All shares are in demat form with distinctive numbers for presentation only
  • Lock-in details referenced from company prospectus pages 143-144

Lock-in Schedule

Promoter/Pre-IPO Shares:

  • 95,88,159 shares: Lock-in from Aug 22, 2025 to Feb 25, 2026 (6 months)
  • 1,83,16,364 shares: Lock-in from Aug 22, 2025 to Aug 25, 2026 (1 year)
  • 1,04,48,000 shares: Lock-in from Aug 22, 2025 to Aug 25, 2028 (3 years)

Anchor Investor Shares:

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

Compliance Requirements

  • Company must maintain lock-in compliance as per SEBI regulations
  • Shares cannot be traded during respective lock-in periods
  • Company Secretary certification required for lock-in details

Important Dates

  • Lock-in commencement: August 22, 2025
  • Anchor investor 30-day lock-in expiry: September 20, 2025
  • Anchor investor 90-day lock-in expiry: November 19, 2025
  • First promoter lock-in expiry: February 25, 2026
  • Second promoter lock-in expiry: August 25, 2026
  • Final lock-in expiry: August 25, 2028

Impact Assessment

Market Impact: Medium - Significant portion of shares under lock-in will restrict immediate supply in secondary market, potentially supporting share price stability post-IPO.

Liquidity Impact: Lock-in of 81.4% of total shares limits free float initially, with gradual release over 3-year period improving liquidity progressively.

Impact Justification

Standard IPO listing with lock-in details affecting share liquidity for institutional investors