Description
5.32 million new equity shares of Azad India Mobility Limited listed for trading from August 18, 2025 with lock-in until February 15, 2026.
Summary
AZAD INDIA MOBILITY LIMITED (Scrip Code: 504731) has listed 5,317,529 new equity shares on BSE, effective from August 18, 2025. These shares were issued on preferential basis to non-promoters at Rs. 98 per share with a lock-in period until February 15, 2026.
Key Points
- 5,317,529 new equity shares of Rs. 10 face value each
- Issued at premium of Rs. 88 (total issue price Rs. 98)
- Allotted to non-promoters on preferential basis
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 35175626 to 40493154
- ISIN: INE566M01017
Regulatory Changes
No regulatory changes. Standard listing procedure for preferential allotment.
Compliance Requirements
- Trading members informed of new share listing
- Lock-in restrictions must be observed until February 15, 2026
- Shares subject to standard trading and settlement procedures
Important Dates
- Allotment Date: May 20, 2025
- Trading Commencement: August 18, 2025
- Lock-in Period Ends: February 15, 2026
Impact Assessment
The listing of approximately 5.32 million new shares represents a significant addition to the tradeable float. However, the lock-in restriction until February 2026 means these shares cannot be traded immediately, limiting immediate market impact. The preferential allotment to non-promoters may indicate capital raising activities or strategic investor participation.
Impact Justification
New equity shares listing with significant volume and lock-in restrictions affecting trading dynamics