12,052,347 Equity Shares of Shera Energy Limited are subject to a Lock-Up Agreement Ending on 13-FEB-2024.
February 12, 2024
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12,052,347 Equity Shares of Shera Energy Limited are subject to a Lock-Up Agreement Ending on 13-FEB-2024. These Equity Shares will be under lockup for 365 days starting from 13-FEB-2023 to 13-FEB-2024.
Details:
20% of the post offer capital of our company held by the Promoters, which will be locked-in for three years, the balance Equity Shares held by Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer as provided in clause (b) of Regulation 238 of the SEBI (ICDR) Regulations, 2018.
In terms of Regulation 239 of the SEBI (ICDR) Regulations, 2018, the entire pre-offer capital held by the Persons other than the Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer. Accordingly, Equity shares held by the Persons other than the Promoters shall be locked in for a period of one year from the date of allotment in the Initial Public Offer.
Shera Energy Limited is an India-based company engaged in the activity of a manufacturer of non-ferrous metal products and its alloy products and winding wires. The Company manufactures rods, wire rods, tubes, billets, and busbars of nonferrous metals, namely, copper, aluminum, and brass. It provides customized products for its buyers in various shapes and sizes and with options of bare, paper-covered, and enameled wires. It provides a range of products, such as Brass Rods, Brass Wires, Copper Tubes, Aluminum Tubes, Brass Tubes, Copper Bus Bars/Flats, Aluminum Bus Bars/Flats, Paper Covered Aluminum Conductors, Paper Covered Copper Conductors and Bunched Conductors, Enamel (SEM) Aluminum Conductors, and Enamel (SEM) Copper Conductors. Its products have applications in various industries. Its subsidiaries, including Rajputana Industries Private limited, Shera Metal Private Limited, and Shera Infra power Private Limited are engaged in the manufacturing of non-ferrous metal products.