Description
BSE lists 9.53 crore new equity shares of MAN INFRACONSTRUCTION LIMITED from warrant conversion, trading starts August 1, 2025.
Summary
BSE has approved the listing of 95,29,140 new equity shares of MAN INFRACONSTRUCTION LIMITED (Scrip Code: 533169) arising from conversion of warrants on preferential basis. The shares will commence trading on August 1, 2025, with an 18-month lock-in period until January 31, 2026.
Key Points
- 9,529,140 new equity shares of Rs. 2/- each issued at premium of Rs. 153/-
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Issue price: Rs. 155/- per share
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 375289566 to 384818705
- ISIN: INE949H01023
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for warrant conversion completed.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in restrictions apply to all 9.53 crore shares
- Shares subject to standard trading regulations
Important Dates
- Allotment Date: June 20, 2025
- Trading Start Date: August 1, 2025
- Lock-in Expiry: January 31, 2026
Impact Assessment
The conversion represents significant equity dilution with 9.53 crore new shares entering the market. However, the 18-month lock-in period will prevent immediate trading, providing market stability. The preferential allotment to non-promoters may indicate capital raising for business expansion or debt reduction.
Impact Justification
Significant equity dilution through conversion of 9.53 crore warrants with 18-month lock-in period