Certain Equity Shares of Manoj Vaibhav Gems 'N' Jewellers Limited are subject to a Lock-Up Agreement Ending on 29-MAR-2024. These Equity Shares will be under lockup for 183 days starting from 28-SEP-2023 to 29-MAR-2024.

Details:
Pursuant to Regulations 14 and 16 of the SEBI ICDR Regulations, an aggregate of 20% of the post-Offer Equity Share capital of the Company held by the Promoters shall be locked in for a period of 18 months as minimum promoter?s contribution from the date of Allotment in the Offer (?Minimum Promoter?s Contribution?) and the shareholding of the Promoters in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of six months from the date of Allotment, as a majority of the Net Proceeds are not proposed to be utilized for capital expenditure.

The Promoters have given consent to include such number of Equity Shares held by them as may, constitute 20% of the post-Offer Equity Share capital of the Company as Minimum Promoter?s Contribution and has agreed not to sell, transfer, charge, pledge or otherwise encumber in any manner the Minimum Promoter?s Contribution from the date of filing this Draft Red Herring Prospectus, until the expiry of the lock-in period specified above, or for such other time as required under SEBI ICDR Regulations, except as may be permitted, in accordance with the SEBI ICDR Regulations.

In addition to 20% of the fully diluted post-Offer shareholding of the Company held by the Promoters and locked-in for eighteen months as prescribed under the SEBI ICDR Regulations as specified above, in terms of Regulation 16(b) and Regulation 17 of the SEBI ICDR Regulations, the entire pre-Offer Equity Share capital of the Company will be locked-in for a period of six months from the date of Allotment as prescribed under the SEBI ICDR Regulations, except for (i) the Equity Shares transferred pursuant to the Offer for Sale; (ii) any Equity Shares allotted to the employees of the Company, whether currently employees or not and including the legal heirs or nominees of any deceased employees or ex-employees, under any ESOP scheme prior to the Offer; and (iii) any Equity Shares held by a VCF or Category I AIF or Category II AIF or FVCI, as applicable, provided that such Equity Shares shall be locked in for a period of at least one year from the date of purchase by such shareholders.