Description
BSE announces listing of 27,85,000 new equity shares of Swastika Investmart Ltd issued on preferential basis with specific lock-in periods.
Summary
BSE announces the listing of 27,85,000 new equity shares of Swastika Investmart Ltd (Scrip Code: 530585) effective July 31, 2025. These shares were issued at Rs. 62.20 per share (face value Rs. 2 plus premium Rs. 60.20) on preferential basis following warrant conversion.
Key Points
- 27,85,000 equity shares of Rs. 2/- each listed with effect from July 31, 2025
- Issued at premium of Rs. 60.20 per share (total issue price Rs. 62.20)
- Shares issued to both Promoter and Non-Promoter on preferential basis
- Issued pursuant to conversion of warrants
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 17313501 to 20098500
- ISIN: INE691C01022
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for preferential issue following warrant conversion.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in restrictions to be observed as specified
- Standard trading procedures applicable
Important Dates
- Allotment Date: June 6, 2025
- Trading Commencement: July 31, 2025
- Lock-in Expiry (25,10,000 shares): January 31, 2027
- Lock-in Expiry (2,75,000 shares): January 31, 2026
Impact Assessment
Minimal market impact as this is a routine listing of preferential shares. The lock-in periods ensure gradual release of shares into the market, preventing immediate dilution impact. Trading volume may see marginal increase post-listing.
Impact Justification
Routine listing announcement for preferential shares with standard lock-in periods