Description
BSE lists 13.83 lakh new equity shares of Precision Wires India Ltd issued through warrant conversion at Rs. 151 per share, effective September 10, 2025.
Summary
BSE has approved 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 on 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 through warrant conversion
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 178657976 to 180040975
- Date of allotment: July 29, 2025
- ISIN: INE372C01037
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for additional equity shares.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in period compliance required until March 23, 2026
- All 13.83 lakh shares subject to lock-in restrictions
Important Dates
- Allotment Date: July 29, 2025
- Trading Commencement: September 10, 2025
- Lock-in Period End: March 23, 2026
Impact Assessment
Minimal market impact expected as this represents routine additional equity listing through warrant conversion. The lock-in period until March 2026 ensures these shares won’t immediately affect market liquidity. Represents capital infusion for the company through preferential allotment to non-promoters.
Impact Justification
Routine listing of additional shares through warrant conversion with limited market impact