Description
BSE announces listing of 8 million equity shares of Adishakti Loha and Ispat Limited issued through preferential allotment to promoters and non-promoters.
Summary
BSE has announced the listing of 8 million equity shares of Adishakti Loha and Ispat Limited (Scrip Code: 543377) issued through preferential allotment pursuant to warrant conversion. The shares will commence trading on August 14, 2025.
Key Points
- 8 million equity shares of Rs. 10/- each issued at premium of Rs. 2.80
- Issue price: Rs. 12.80 per share
- Issued to both promoters and non-promoters on preferential basis
- Shares rank pari-passu with existing equity shares
- ISIN: INE0CWK01019
- Distribution numbers: 4558001 to 12558000
- Date of allotment: May 16, 2025
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification following preferential issue completion.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in provisions must be observed for respective share categories
- Standard listing compliance requirements apply
Important Dates
- August 14, 2025: Trading commencement date
- February 19, 2026: Lock-in expiry for 6 million shares (Dist. Nos. 6558001-12558000)
- February 19, 2027: Lock-in expiry for 2 million shares (Dist. Nos. 4558001-6558000)
- May 16, 2025: Original allotment date
Impact Assessment
Limited market impact as this involves a single company’s preferential issue listing. The staggered lock-in periods (2026 and 2027) provide controlled market entry for the new shares, minimizing immediate supply pressure.
Impact Justification
Routine listing of equity shares through preferential issue for a single company with limited market impact