Description
9,529,140 new equity shares of MAN INFRACONSTRUCTION LIMITED listed on BSE with effect from August 1, 2025, issued through warrant conversion.
Summary
MAN INFRACONSTRUCTION LIMITED (Scrip Code: 533169) has listed 9,529,140 new equity shares on BSE effective August 1, 2025. These shares were issued at Rs. 155/- each (face value Rs. 2/- plus premium Rs. 153/-) to non-promoters through conversion of warrants on a preferential basis.
Key Points
- 9,529,140 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
- Date of allotment: June 20, 2025
- Trading commences: August 1, 2025
- ISIN: INE949H01023
- Distribution numbers: 375289566 to 384818705
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for warrant conversion completed.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in period applicable until January 31, 2026
- Shares rank pari-passu with existing equity shares
Important Dates
- Allotment Date: June 20, 2025
- Trading Commencement: August 1, 2025
- Lock-in Period Ends: January 31, 2026
Impact Assessment
The issuance represents significant equity dilution with nearly 9.53 million new shares entering the market. The 8-month lock-in period until January 2026 provides temporary supply constraint. Issue price of Rs. 155/- indicates premium valuation at time of warrant conversion. Impact on existing shareholders depends on current market price relative to issue price.
Impact Justification
Significant equity dilution through warrant conversion affecting existing shareholders