8,880,000 Equity Shares of SKP Bearing Industries Limited are subject to a Lock-Up Agreement Ending on 25-JUL-2023. These Equity Shares will be under lockup for 377 days starting from 13-JUL-2022 to 25-JUL-2023.

Details:
Pursuant to the Regulation 236 and 238 of SEBI ICDR Regulations, an aggregate of at least 20% of the post Offer Equity Share capital of the Company held by the Promoter shall be locked-in for a period of three years from the date of Allotment in this Offer. As on date of this Prospectus, the Promoters holds 33,20,000 Equity Shares constituting 20% of the Post Offer Issued, Subscribed and Paid-up Equity Share Capital of the Company, which are eligible for Promoter?s Contribution.

Pursuant to Regulation 238(b) and 239 of the SEBI ICDR Regulations, other than the Equity Shares held by the Promoters, which will be locked-in as minimum Promoters? contribution for three years, all pre-offer 88,80,000 Equity Shares shall be subject to lock-in for a period of one year from the date of Allotment in this Offer.