Description
BSE lists 13.52 lakh new equity shares of GRM Overseas Ltd issued through warrant conversion, effective September 4, 2025.
Summary
BSE has approved the listing of 13,52,000 new equity shares of GRM Overseas Ltd (Scrip Code: 531449) issued through conversion of warrants on a preferential basis to non-promoters. The shares will commence trading from September 4, 2025.
Key Points
- 13,52,000 equity shares of Rs. 2/- each issued at Rs. 148/- premium
- Issue price: Rs. 150 per share
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 60000001 to 61352000
- Allotment date: May 28, 2025
- ISIN: INE192H01020
Regulatory Changes
No regulatory changes introduced through this circular.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in period compliance as specified for different share tranches
- Standard listing compliance requirements apply
Important Dates
- Allotment Date: May 28, 2025
- Trading Commencement: September 4, 2025
- Lock-in Expiry: Various dates between March 6-7, 2026 for different share tranches
Impact Assessment
Minimal market impact expected as this is a preferential issue to non-promoters with specified lock-in periods. The shares represent warrant conversion rather than fresh equity dilution, indicating previously planned capital structure adjustment.
Impact Justification
Standard equity listing with minimal market impact due to preferential issue nature