Description
BSE announces listing of 13.83 lakh new equity shares of Precision Wires India Ltd issued through warrant conversion, effective September 10, 2025.
Summary
BSE has announced the listing of 13,83,000 new equity shares of Precision Wires India Ltd (Scrip Code: 523539) issued through conversion of warrants on a preferential basis to non-promoters. The shares will commence trading from September 10, 2025.
Key Points
- 13,83,000 equity shares of Re. 1/- each issued at premium of Rs. 150/-
- Issue price: Rs. 151.00 per share
- Issued to non-promoters on preferential basis pursuant to warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 178657976 to 180040975
- ISIN: INE372C01037
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for warrant conversion.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Lock-in period compliance required until March 23, 2026
- Standard trading and settlement procedures applicable
Important Dates
- Allotment Date: July 29, 2025
- Trading Commencement: September 10, 2025
- Lock-in Period Ends: March 23, 2026
Impact Assessment
Minimal market impact expected as this represents a standard warrant conversion resulting in additional share capital. The lock-in period until March 2026 ensures these shares cannot be traded immediately, limiting any potential dilution effect on existing shareholders.
Impact Justification
Routine listing of new shares through warrant conversion with limited market impact