Description

BSE announces the listing of 11,567,500 equity shares of Mittal Sections Limited following its Initial Public Offering with various lock-in periods.

Summary

BSE has listed 11,567,500 fully paid equity shares of Mittal Sections Limited following its Initial Public Offering. The shares are held in demat form with varying lock-in periods ranging from October 6, 2025 to October 30, 2028. The listing includes both locked-in shares and freely tradable IPO shares.

Key Points

  • Total equity shares listed: 11,567,500
  • All shares are fully paid and in demat form
  • Multiple tranches with different lock-in periods
  • Lock-in start dates: October 6-7, 2025
  • Lock-in end dates range from October 30, 2026 to October 30, 2028
  • 3,700,000 shares are freely tradable (IPO FREE category)
  • Shares divided into 16 distinct blocks with different lock-in terms

Regulatory Changes

No regulatory changes introduced. This is a standard new listing following IPO completion.

Compliance Requirements

  • Trading members must note the lock-in restrictions on specified share blocks
  • Locked-in shares cannot be traded until respective lock-in expiry dates
  • Demat accounts must reflect appropriate lock-in status

Important Dates

  • Lock-in commencement: October 6-7, 2025
  • First lock-in expiry: October 30, 2026 (for multiple tranches)
  • Intermediate lock-in expiry: October 30, 2027 (for multiple tranches)
  • Final lock-in expiry: October 30, 2028 (for certain tranches)

Impact Assessment

Market Impact: Low - Standard IPO listing with no unusual features. The lock-in provisions are typical for IPO promoter and anchor investor holdings.

Liquidity Impact: Approximately 3.7 million shares (32% of total) are immediately available for trading, with remaining shares becoming available progressively over the next 3 years as lock-ins expire.

Investor Impact: New investment opportunity for retail and institutional investors; locked-in shares provide stability during initial trading period.

Impact Justification

Routine IPO listing notification with standard lock-in provisions; affects only new listing with no broader market impact