Description
BSE announces listing of 755,000 new equity shares of Manaksia Coated Metals & Industries Ltd issued through preferential allotment with warrant conversion.
Summary
BSE has approved the listing of 755,000 new equity shares of Manaksia Coated Metals & Industries Ltd (Scrip Code: 539046) issued through preferential allotment to non-promoters following warrant conversion. The shares will commence trading on September 10, 2025.
Key Points
- 755,000 equity shares of Re. 1/- each issued at premium of Rs. 64/-
- Issue price: Rs. 65/- per share
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 99424051 to 100179050
- Allotment date: June 6, 2025
- ISIN: INE830Q01018
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for warrant conversion.
Compliance Requirements
- Trading members informed of new securities availability
- Lock-in provisions apply to all 755,000 shares until March 31, 2026
- Standard trading and settlement procedures to be followed
Important Dates
- Allotment Date: June 6, 2025
- Trading Commencement: September 10, 2025
- Lock-in Period Ends: March 31, 2026
Impact Assessment
Minimal market impact expected as this represents a routine listing of additional shares through warrant conversion. The preferential allotment to non-promoters increases public shareholding. Lock-in period until March 2026 prevents immediate trading of these shares, limiting supply impact.
Impact Justification
Routine listing of additional shares through warrant conversion with limited market impact