Description
BSE lists 9,529,140 new equity shares of MAN INFRACONSTRUCTION LIMITED issued through warrant conversion, effective August 1, 2025.
Summary
BSE has approved the listing of 9,529,140 new equity shares of MAN INFRACONSTRUCTION LIMITED (Scrip Code: 533169) issued through conversion of warrants on a preferential basis to non-promoters. The shares will commence trading on August 1, 2025.
Key Points
- 9,529,140 equity shares of Rs. 2/- each issued at premium of Rs. 153/- per share
- Issue price: Rs. 155/- per share
- Shares issued to non-promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 375289566 to 384818705
- ISIN: INE949H01023
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in period compliance required for all issued shares
Important Dates
- Date of Allotment: June 20, 2025
- Trading Commencement: August 1, 2025
- Lock-in Period Ends: January 31, 2026
Impact Assessment
The preferential allotment represents significant equity dilution with all 9.53 million shares subject to 18-month lock-in period. This may impact stock liquidity initially but provides capital infusion for the company’s infrastructure projects.
Impact Justification
Significant equity dilution through large preferential allotment with 18-month lock-in period