Description
BSE listing of 204,705 equity shares of NIBE LIMITED issued at premium to promoters on preferential basis pursuant to warrant conversion.
Summary
BSE has listed 204,705 new equity shares of NIBE LIMITED (Scrip Code: 535136) issued to promoters on preferential basis at Rs. 510 per share. The shares were allotted pursuant to conversion of warrants and will commence trading from August 25, 2025.
Key Points
- 204,705 equity shares of Rs. 10 face value issued at Rs. 500 premium
- Issue price: Rs. 510 per share
- Allotted to promoters on preferential basis
- Shares issued pursuant to warrant conversion
- Trading effective from Monday, August 25, 2025
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for preferential allotment.
Compliance Requirements
- Trading members informed of new securities listing
- Compliance with lock-in requirements mandatory
- Standard settlement and trading procedures apply
Important Dates
- Date of Allotment: April 26, 2025
- Trading Commencement: August 25, 2025
- Lock-in Period Expires: February 24, 2027
Impact Assessment
Limited market impact expected as shares are subject to lock-in until February 2027. The preferential allotment strengthens promoter holding and provides capital to the company. No immediate trading volume impact anticipated due to lock-in restrictions.
Impact Justification
Standard preferential allotment to promoters with moderate share count, limited market impact due to lock-in period