Description
BSE announces listing of 7,50,000 new equity shares of HB Estate Developers Ltd. issued on preferential basis with lock-in period until March 2026.
Summary
BSE has approved the listing of 7,50,000 new equity shares of HB Estate Developers Ltd. (Scrip Code: 532334) effective from September 2, 2025. These shares were issued at a premium to non-promoters on a preferential basis pursuant to warrant conversion.
Key Points
- 7,50,000 equity shares of Rs. 10/- each issued at premium of Rs. 55.25/-
- Issue price: Rs. 65.25 per share
- Issued to Non-Promoter on preferential basis
- Shares issued pursuant to conversion of warrants
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 55551869 to 56301868
Regulatory Changes
No regulatory changes introduced. Standard new securities listing process.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in period compliance required until March 14, 2026
- All 7,50,000 shares subject to lock-in restrictions
Important Dates
- Allotment Date: July 15, 2025
- Trading Commencement: September 2, 2025
- Lock-in Period End: March 14, 2026
Impact Assessment
Minimal market impact expected due to:
- Small issue size relative to market capitalization
- Complete lock-in period of approximately 6 months
- Preferential issue to non-promoter investors
- No immediate tradeable supply increase due to lock-in restrictions
Impact Justification
Routine new securities listing with limited market impact due to small issue size and lock-in restrictions