Description
1.63 crore equity shares of Jain Irrigation Systems Ltd listed for trading with effect from July 31, 2025, issued to promoters on preferential basis.
Summary
BSE has approved the listing of 1,63,21,607 new equity shares of Jain Irrigation Systems Ltd (Scrip Code: 500219) issued to promoters on a preferential basis pursuant to warrant conversion. The shares will commence trading from July 31, 2025.
Key Points
- 1,63,21,607 equity shares of Rs. 2/- each issued at premium of Rs. 44.64/-
- Issue price: Rs. 46.64 per share
- Shares issued to promoters on preferential basis through warrant conversion
- New shares rank pari-passu with existing equity shares
- Date of allotment: May 22, 2025
- ISIN: INE175A01038
- Distribution numbers: 698288385 to 714609991
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for preferential allotment.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in period compliance required for all issued shares
Important Dates
- Allotment Date: May 22, 2025
- Trading Commencement: July 31, 2025
- Lock-in Period Ends: January 30, 2027
Impact Assessment
The preferential allotment represents significant equity dilution but strengthens promoter stake. The 18-month lock-in period ensures price stability. Market impact expected to be moderate given the preferential nature and promoter participation.
Impact Justification
Significant equity dilution through preferential allotment but routine listing procedure