Description

BSE announces the listing of 11,567,500 equity shares of Mittal Sections Limited following its IPO, with various lock-in periods ranging from 2025 to 2028.

Summary

BSE has announced the listing of equity shares of Mittal Sections Limited following its Initial Public Offering (IPO). A total of 11,567,500 fully paid equity shares have been listed in dematerialized form, with 3,700,000 shares available for free trading and the remaining shares subject to various lock-in periods.

Key Points

  • Total equity shares listed: 11,567,500 (fully paid)
  • Free trading shares (IPO Free): 3,700,000 shares
  • All shares are in dematerialized (DEMAT) form
  • Multiple tranches with different lock-in periods applied
  • Lock-in start dates: October 6-7, 2025
  • Lock-in end dates range from October 30, 2026 to October 30, 2028
  • Shares allocated across 16 different tranches with distinctive number ranges

Regulatory Changes

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

Compliance Requirements

  • Promoters and relevant shareholders must comply with the specified lock-in periods
  • Shares cannot be traded during their respective lock-in periods
  • All shares must remain in dematerialized form as per listing requirements

Important Dates

  • Lock-in Start Dates: October 6-7, 2025
  • Lock-in End Dates:
    • October 30, 2026: Multiple tranches totaling 3,880,000 shares
    • October 30, 2027: Multiple tranches totaling 3,987,625 shares
    • October 30, 2028: Two tranches totaling 2,313,500 shares
  • Free Trading: 3,700,000 shares available immediately without lock-in

Impact Assessment

Market Impact: Low - This is a routine IPO listing with no immediate market-wide implications. The listing adds a new equity security to the exchange but does not affect existing securities or market operations.

Investor Impact: Moderate for IPO subscribers - Lock-in periods of 1-3 years apply to specific shareholder categories (likely promoters and anchor investors), restricting liquidity for these holders. Retail investors who received IPO-free shares can trade immediately.

Operational Impact: Minimal - Standard listing procedures apply with no special surveillance or trading restrictions mentioned beyond the lock-in provisions.

Impact Justification

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