Description
13,52,000 new equity shares of GRM Overseas Ltd listed and permitted to trade from September 4, 2025, issued through preferential allotment pursuant to warrant conversion.
Summary
BSE has approved the listing of 13,52,000 new equity shares of GRM Overseas Ltd (Scrip Code: 531449) effective September 4, 2025. These shares were issued at Rs. 150 per share (face value Rs. 2 plus premium Rs. 148) to non-promoters through preferential allotment pursuant to warrant conversion, with various lock-in periods applying.
Key Points
- 13,52,000 new equity shares of Rs. 2/- each issued at premium of Rs. 148/-
- Issue price: Rs. 150.00 per share
- Issued to non-promoters on preferential basis through warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 60000001 to 61352000
- Date of allotment: May 28, 2025
- ISIN: INE192H01020
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for new equity shares issued through warrant conversion.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in restrictions must be observed as per specified schedule
- Standard trading and settlement procedures apply
Important Dates
- Trading commencement: September 4, 2025
- Date of allotment: May 28, 2025
- Lock-in expiry dates:
- 9,35,000 shares: March 6, 2026
- 1,00,000 shares: March 7, 2026
- 2,00,000 shares: March 6, 2026
- 72,000 shares: March 7, 2026
- 45,000 shares: March 6, 2026
Impact Assessment
Medium impact on existing shareholders through equity dilution. The preferential allotment increases the total share capital, potentially affecting earnings per share and voting rights distribution. Lock-in provisions provide temporary supply restriction, which may support share price stability initially.
Impact Justification
Standard equity share listing with lock-in provisions, affecting existing shareholders through dilution