Description
27.85 lakh equity shares of Swastika Investmart Ltd listed on BSE from July 31, 2025 following preferential allotment with lock-in periods.
Summary
BSE has approved the listing of 27,85,000 new equity shares of Swastika Investmart Ltd (Scrip Code: 530585) effective from July 31, 2025. These shares were issued through preferential allotment to promoters and non-promoters following warrant conversion at Rs. 62.20 per share.
Key Points
- 27,85,000 equity shares of Rs. 2/- each issued at premium of Rs. 60.20/-
- Issue price: Rs. 62.20 per share
- Allotment date: June 6, 2025
- Trading commencement: July 31, 2025
- ISIN: INE691C01022
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for preferential allotment shares.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in restrictions to be enforced as per SEBI regulations
Important Dates
- Allotment Date: June 6, 2025
- Trading Start: July 31, 2025
- Lock-in Expiry (25.1L shares): January 31, 2027
- Lock-in Expiry (2.75L shares): January 31, 2026
Impact Assessment
The preferential allotment increases share capital by approximately 27.85 lakh shares, potentially diluting existing shareholders’ holdings. The staggered lock-in periods (2026 and 2027) will restrict immediate selling pressure. Medium impact on stock liquidity and trading volumes expected once trading commences.
Impact Justification
Significant equity dilution through preferential allotment affects existing shareholders and trading dynamics