Description
BSE circular detailing the listing of equity shares for Goel Construction Company Limited with distinctive number ranges and lock-in periods.
Summary
BSE has issued a circular regarding the listing of equity shares of Goel Construction Company Limited. The circular provides details of distinctive number ranges for various categories of shares, including both locked-in and freely tradeable securities.
Key Points
- Total of 1,44,49,600 equity shares being listed
- Majority of shares (1,17,03,600) are subject to lock-in restrictions
- Only 27,46,000 shares are freely tradeable
- All securities are in demat form
- Lock-in periods vary from 3 months to 3 years
Share Categories
Locked-in Securities:
- 33,000 shares: Lock-in from Sep 2, 2025 to Sep 8, 2027 (2 years)
- 10,41,600 shares: Lock-in from Sep 2, 2025 to Sep 8, 2026 (1 year)
- 37,82,940 shares: Lock-in from Sep 3, 2025 to Sep 8, 2026 (1 year)
- 28,94,140 shares: Lock-in from Sep 3, 2025 to Sep 8, 2027 (2 years)
- 28,89,920 shares: Lock-in from Sep 3, 2025 to Sep 8, 2028 (3 years)
- 5,30,400 shares: Lock-in from Sep 5, 2025 to Oct 4, 2025 (1 month)
- 5,31,600 shares: Lock-in from Sep 5, 2025 to Dec 3, 2025 (3 months)
Free Securities:
- 27,46,000 shares: Fully paid and freely tradeable
Important Dates
- Lock-in commencement: September 2-5, 2025
- Lock-in expiry dates: Range from October 4, 2025 to September 8, 2028
- Various lock-in periods: 1 month, 3 months, 1 year, 2 years, and 3 years
Impact Assessment
The listing will provide limited immediate trading liquidity as approximately 81% of shares are subject to lock-in restrictions. The staggered release of locked-in shares over different time periods may create periodic increases in available float, potentially affecting share price dynamics as lock-in periods expire.
Impact Justification
Standard equity listing with significant lock-in periods affecting trading liquidity