Description
BSE lists 5,317,529 equity shares of AZAD INDIA MOBILITY LIMITED issued on preferential basis at Rs. 98 per share with lock-in until February 15, 2026.
Summary
BSE has approved the listing of 5,317,529 equity shares of AZAD INDIA MOBILITY LIMITED (Scrip Code: 504731) issued on a preferential basis to non-promoters. The shares will commence trading on August 18, 2025, with a lock-in period until February 15, 2026.
Key Points
- 5,317,529 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 introduced.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in restrictions apply until February 15, 2026
- Standard listing compliance requirements applicable
Important Dates
- Allotment Date: May 20, 2025
- Trading Commencement: August 18, 2025
- Lock-in Expiry: February 15, 2026
Impact Assessment
Minimal market impact as this is a routine preferential issue listing. The lock-in period prevents immediate trading of these shares, limiting short-term supply increase. Represents expansion of share capital for the company through private placement.
Impact Justification
Routine listing of preferential shares with standard lock-in provisions