Description

BSE lists 3,31,48,102 new equity shares of Poonawalla Fincorp Limited issued to promoters on preferential basis at Rs. 452.51 per share, with lock-in until April 20, 2027.

Summary

BSE has listed 3,31,48,102 new equity shares of Poonawalla Fincorp Limited (Scrip Code: 524000) issued on a preferential basis to promoters. The shares, with a face value of Rs. 2/- each and issued at a premium of Rs. 450.51/-, will commence trading on October 17, 2025. The securities are subject to a lock-in period expiring on April 20, 2027.

Key Points

  • Total new equity shares listed: 3,31,48,102 shares
  • Face value: Rs. 2/- per share
  • Premium: Rs. 450.51/- per share
  • Issue price: Rs. 452.51/- per share
  • Allotment date: September 17, 2025
  • Trading commencement: October 17, 2025
  • Distinctive numbers: 779208597 to 812356698
  • ISIN: INE511C01022
  • Allotment type: Preferential basis to promoters
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members must note the new securities are available for trading from October 17, 2025
  • All 3,31,48,102 shares are subject to mandatory lock-in until April 20, 2027
  • Shares cannot be transferred or sold by promoters during the lock-in period except as permitted under SEBI regulations
  • The new shares carry the same rights and rank pari-passu with existing equity shares

Important Dates

  • Allotment Date: September 17, 2025
  • Trading Commencement: October 17, 2025 (Friday)
  • Lock-in Expiry: April 20, 2027
  • Notice Date: October 16, 2025

Impact Assessment

Market Impact: Medium. The preferential allotment of approximately 3.31 crore shares to promoters represents a significant equity issuance that will increase the company’s equity capital base. The issue price of Rs. 452.51/- per share indicates a total fund raise of approximately Rs. 1,499 crores.

Shareholder Impact: The preferential allotment to promoters will increase promoter holding percentage while diluting existing non-promoter shareholders. However, the 18-month lock-in period provides stability by preventing immediate selling pressure from promoters.

Liquidity Impact: The shares will be locked-in until April 2027, meaning they will not contribute to free float or trading liquidity during this period. Post lock-in expiry, there may be increased supply in the market.

Company Impact: Substantial capital infusion strengthens the company’s capital base, potentially supporting business expansion, debt reduction, or other corporate purposes as disclosed in the preferential allotment documents.

Impact Justification

Significant preferential allotment to promoters representing substantial equity issuance with 18-month lock-in period. Material corporate action but routine listing process.