Description
493,000 equity shares of SERA INVESTMENTS & FINANCE INDIA LIMITED listed for trading from August 20, 2025 following warrant conversion.
Summary
BSE has approved the listing of 493,000 new equity shares of SERA INVESTMENTS & FINANCE INDIA LIMITED (Scrip Code: 512399) effective from August 20, 2025. These shares were issued through conversion of warrants on a preferential basis to non-promoters.
Key Points
- 493,000 equity shares of Rs. 2/- each issued at premium of Rs. 11.50/-
- Issue price: Rs. 13.50 per share
- Allotted to non-promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 65000001 to 65493000
- Date of allotment: May 8, 2025
- ISIN: INE017I01027
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for warrant conversion securities.
Compliance Requirements
- Trading members can commence trading these securities from August 20, 2025
- All 493,000 shares subject to lock-in restrictions until March 31, 2026
- Shares must be treated as ranking pari-passu with existing equity shares
Important Dates
- Allotment Date: May 8, 2025
- Trading Commencement: August 20, 2025
- Lock-in Expiry: March 31, 2026
Impact Assessment
Minimal market impact expected as this represents a small preferential allotment with extended lock-in period. The shares cannot be freely traded until March 2026, limiting immediate market supply impact.
Impact Justification
Routine listing of new securities from warrant conversion with lock-in restrictions