Description
290,000 equity shares of Power & Instrumentation (Gujarat) Limited listed for trading from September 8, 2025, issued on preferential basis.
Summary
Power & Instrumentation (Gujarat) Limited (Scrip Code: 543912) has listed 290,000 new equity shares on BSE, effective September 8, 2025. The shares were issued at Rs. 83.75 per share (Rs. 10 face value plus Rs. 73.75 premium) to promoters and non-promoters on a preferential basis through warrant conversion.
Key Points
- 290,000 equity shares of Rs. 10 each issued at premium of Rs. 73.75
- Issue price: Rs. 83.75 per share
- Trading commences Monday, September 8, 2025
- Shares issued pursuant to conversion of warrants
- New shares rank pari-passu with existing equity shares
- ISIN: INE557Z01018
- Distinctive numbers: 17482901 to 17772900
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in restrictions apply to issued shares as per regulations
Important Dates
- Allotment Date: July 10, 2025
- Trading Commencement: September 8, 2025
- Lock-in expiry for 200,000 shares: March 31, 2027
- Lock-in expiry for 90,000 shares: March 31, 2026
Impact Assessment
Minimal market impact expected due to the relatively small size of the preferential allotment. The listing provides additional liquidity for the company’s shares and completes the warrant conversion process initiated earlier.
Impact Justification
Routine equity listing with limited market impact due to small issue size