Description
BSE announces listing of 13.83 lakh equity shares of Precision Wires India Ltd issued on preferential basis with lock-in until March 2026.
Summary
BSE has announced the listing of 13,83,000 new equity shares of Precision Wires India Ltd (Scrip Code: 523539) issued on preferential basis to non-promoters. The shares are converted from warrants and 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. This is a standard listing notification for preferential issue shares.
Compliance Requirements
- Trading members informed of new securities availability for trading
- Standard listing and trading procedures to be followed
- Lock-in provisions must be maintained as specified
Important Dates
- Allotment Date: July 29, 2025
- Trading Commencement: September 10, 2025
- Lock-in Period Ends: March 23, 2026
Impact Assessment
Minimal market impact as this is a routine listing of preferential shares with standard lock-in period. The shares will increase the company’s tradeable equity base after the lock-in period expires.
Impact Justification
Routine listing of preferential shares with standard lock-in provisions