Description

BSE lists 9,24,03,000 equity shares of Glottis Limited with lock-in details for promoter and anchor investor holdings following IPO.

Summary

BSE has listed 9,24,03,000 equity shares of Glottis Limited following its Initial Public Offering. The circular details lock-in arrangements for promoter holdings (7,28,88,115 shares) and anchor investor allocations (42,83,754 shares), with 1,95,14,885 shares available for public trading without lock-in restrictions.

Key Points

  • Total equity shares listed: 9,24,03,000 (all in demat form)
  • Promoter lock-in: 1,89,42,700 shares locked until October 6, 2028 (3 years)
  • Additional promoter holdings: 5,39,45,415 shares with varying lock-in periods (6 months to 1 year)
  • Anchor investor allocation: 42,83,754 shares with 30-day and 90-day lock-in periods
  • Public shares (no lock-in): 1,95,14,885 shares
  • Listing date: October 3, 2025
  • Company registered office: Chennai, Tamil Nadu

Regulatory Changes

No regulatory changes introduced. This is a standard listing announcement following SEBI IPO regulations.

Compliance Requirements

  • Lock-in compliance as per SEBI (Issue of Capital and Disclosure Requirements) Regulations
  • Promoters must maintain locked-in shares for specified periods
  • Anchor investors subject to 30-day and 90-day lock-in requirements
  • Full details of lock-in provisions available on pages 113-115 of company prospectus

Important Dates

  • October 3, 2025: Listing date (lock-in period commencement)
  • November 1, 2025: Release of 21,41,877 anchor investor shares (30-day lock-in)
  • December 31, 2025: Release of 21,41,877 anchor investor shares (90-day lock-in)
  • April 6, 2026: Release of 21,41,877 promoter shares (6-month lock-in)
  • October 6, 2026: Release of 8,16,000 promoter shares (1-year lock-in)
  • October 6, 2028: Release of 1,89,42,700 promoter shares (3-year lock-in)

Impact Assessment

Market Impact: Low - Routine IPO listing with no immediate market-wide implications. The lock-in structure ensures orderly supply of shares over the next three years.

Trading Impact: Immediate trading availability of 1,95,14,885 public shares (21.1% of total issue). Gradual unlock of anchor and promoter shares will increase float over time.

Investor Impact: Standard lock-in provisions protect against immediate promoter exits. Anchor investors face typical 30/90-day restrictions. Public shareholders have immediate liquidity for their allocated shares.

Impact Justification

Routine IPO listing announcement with standard lock-in provisions for a single company