Description

Listing of 15,81,747 equity shares of Hubtown Limited issued at Rs. 220/- on preferential basis pursuant to conversion of warrants, effective October 13, 2025.

Summary

BSE has announced the listing of 15,81,747 new equity shares of Hubtown Limited (Scrip Code: 532799) issued on preferential basis to promoters pursuant to conversion of warrants. The shares were allotted on July 25, 2025, and will commence trading from October 13, 2025. The shares are issued at Rs. 220/- per share (face value Rs. 10/- with premium of Rs. 210/-) and are subject to lock-in until May 30, 2027.

Key Points

  • 15,81,747 new equity shares of Rs. 10/- each issued
  • Issued to promoters on preferential basis
  • Shares arise from conversion of warrants
  • Issue price: Rs. 220/- per share (Rs. 10/- face value + Rs. 210/- premium)
  • Trading commencement date: October 13, 2025
  • Distinguished numbers: 138136975 to 139718721
  • ISIN: INE703H01016
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification for preferential allotment pursuant to warrant conversion.

Compliance Requirements

  • Trading members must update their systems to reflect the new shares available for trading
  • The allotted shares are subject to mandatory lock-in restrictions
  • All 15,81,747 shares (Dist. Nos. 138136975 to 139718721) are locked-in until May 30, 2027

Important Dates

  • Allotment Date: July 25, 2025
  • Trading Commencement: October 13, 2025 (Monday)
  • Lock-in Expiry: May 30, 2027
  • Notice Date: October 10, 2025

Impact Assessment

Market Impact: Medium - The addition of 15.81 lakh shares increases the total equity capital of Hubtown Limited. However, since these shares are allotted to promoters on preferential basis with an 18-month lock-in period, immediate trading liquidity will not be affected. The lock-in until May 2027 prevents these shares from entering the market immediately.

Shareholder Impact: Existing minority shareholders experience dilution as promoters have increased their stake through warrant conversion. The premium pricing at Rs. 220/- suggests confidence from promoters in the company’s prospects.

Operational Impact: Minimal - This is a standard listing procedure that does not affect day-to-day trading operations beyond system updates to reflect the increased share capital.

Impact Justification

Preferential allotment to promoters increases share capital by 15.81 lakh shares with 18-month lock-in period, representing potential dilution for existing shareholders.