Description
Dilip Buildcon Limited lists 1.62 crore new equity shares from warrant conversion, trading starts August 20, 2025.
Summary
Dilip Buildcon Limited (Scrip Code: 540047) has listed 1,62,29,862 new equity shares of Rs. 10 each on BSE, issued through conversion of warrants on a preferential basis to non-promoters. The shares will commence trading from August 20, 2025.
Key Points
- 1,62,29,862 new equity shares of Rs. 10 each listed
- Issued at premium of Rs. 318.05 (total issue price Rs. 328.05)
- Shares issued to non-promoters on preferential basis
- Issued pursuant to conversion of warrants
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 146214972 to 162444833
- ISIN: INE917M01012
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for warrant conversion.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in period compliance required until February 23, 2026
- All 1,62,29,862 shares subject to lock-in restrictions
Important Dates
- Allotment Date: June 13, 2025 (15,390,510 shares) and June 18, 2025 (839,352 shares)
- Trading Commencement: August 20, 2025
- Lock-in Period Ends: February 23, 2026
Impact Assessment
Significant equity dilution with over 1.62 crore new shares entering the market. However, immediate trading impact limited due to 6-month lock-in period until February 2026. The preferential allotment to non-promoters may indicate fundraising for business expansion or debt reduction.
Impact Justification
Significant equity dilution of 1.62 crore shares but routine warrant conversion process