35,007,232 Equity Shares of Dreamfolks Services Limited are subject to a Lock-Up Agreement Ending on 1-MAR-2024. These Equity Shares will be under lockup for 547 days starting from 1-SEP-2022 to 1-MAR-2024.

Details:
An aggregate of 20% of the fully diluted 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 (Promoters? Contribution) in the Offer and the Promoters? shareholding in excess of 20% shall be locked-in for a period of 6 months from the date of Allotment.

The entire pre Offer Equity Share capital held by persons (including those Equity Shares held by Promoters in excess of the Promoters? Contribution), except the Offered Shares and any other categories of shareholders exempted under Regulation 17 of the SEBI ICDR Regulations, will be locked-in for a period of 6 months from the date of Allotment. Any unsubscribed portion of the Offer for Sale will also be subject to the aforementioned lock-in of 6 months.