Description

BSE announces the listing of equity shares for Patel Retail Limited with detailed lock-in periods for various investor categories.

Summary

BSE has announced the listing of equity shares for Patel Retail Limited, a company registered in Maharashtra. The circular provides comprehensive lock-in details for 3,34,00,528 equity shares across various investor categories, with different lock-in periods ranging from 30 days to 18 months.

Key Points

  • Total equity shares listed: 3,34,00,528 shares
  • Company registered office: Plot No. M-2, Anand Nagar, Additional MIDC, Ambernath (East), Maharashtra
  • All shares are in demat form
  • Multiple lock-in categories with varying periods
  • Anchor investor shares have specific 30-day and 90-day lock-in periods
  • Public IPO shares are not subject to lock-in restrictions

Lock-in Structure

  • Long-term lock-in (18+ months): 31,71,800 shares (24-Feb-2026), 55,26,528 shares (01-Mar-2027), 84,62,200 shares (24-Feb-2026)
  • Medium-term lock-in (6 months): 50,00,000 shares (01-Mar-2027)
  • Anchor investor lock-in: 8,52,194 shares for 30 days (until 20-Sep-2025), 8,52,194 shares for 90 days (until 19-Nov-2025)
  • Public IPO shares: 78,15,612 shares with no lock-in restrictions

Important Dates

  • Lock-in commencement: August 22, 2025
  • 30-day anchor lock-in expiry: September 20, 2025
  • 90-day anchor lock-in expiry: November 19, 2025
  • Medium-term lock-in expiry: February 24, 2026
  • Long-term lock-in expiry: March 1, 2027
  • Circular date: August 23, 2025

Compliance Requirements

  • Lock-in details are provided as per page 143-144 of the company’s prospectus
  • Company Secretary Prasad R Khopkar (Membership No. A52520) has certified the lock-in details
  • All shares must remain in demat form during lock-in periods

Impact Assessment

The structured lock-in periods will significantly impact trading liquidity, with approximately 77% of shares under various lock-in restrictions. The staggered release schedule will provide gradual liquidity increase over the next 18 months, potentially affecting price stability and trading volumes.

Impact Justification

New equity listing with structured lock-in periods affects trading liquidity and investor participation