Description
BSE announces listing of 13,52,000 new equity shares of GRM Overseas Ltd issued through preferential allotment with warrant conversion, effective September 4, 2025.
Summary
BSE has announced the listing of 13,52,000 new equity shares of GRM Overseas Ltd (Scrip Code: 531449) effective from Thursday, September 4, 2025. These shares were issued through preferential allotment to non-promoters following warrant conversion at an issue price of Rs. 150 per share.
Key Points
- 13,52,000 new equity shares of Rs. 2/- each with premium of Rs. 148/-
- Issued to non-promoters on preferential basis through 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. Standard listing procedure for preferential allotment shares.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in restrictions apply to different tranches of shares
- Standard disclosure and trading compliance requirements
Important Dates
- Allotment Date: May 28, 2025
- Trading Commencement: September 4, 2025
- Lock-in Expiry: March 6, 2026 and March 7, 2026 (varying by tranche)
Impact Assessment
Minimal market impact expected. This is a routine listing of preferential allotment shares with standard lock-in provisions. The shares represent warrant conversion and will increase the tradeable float of GRM Overseas Ltd marginally.
Impact Justification
Routine listing of new shares through preferential allotment with standard lock-in provisions