Description
BSE notifies listing and trading of 3.31 crore equity shares issued by Poonawalla Fincorp on preferential basis to promoters, effective October 17, 2025.
Summary
BSE has approved the listing and trading of 3,31,48,102 equity shares of Poonawalla Fincorp Limited (Scrip Code: 524000) issued on preferential basis to promoters. The shares will be available for trading from October 17, 2025, and are subject to a lock-in period until April 20, 2027.
Key Points
- 3,31,48,102 equity shares of Rs. 2/- each issued at premium of Rs. 450.51/-
- Issue price: Rs. 452.51 per share
- Allotted to promoters on preferential basis
- Date of allotment: September 17, 2025
- Distinctive numbers: 779208597 to 812356698
- Shares rank pari-passu with existing equity shares
- ISIN: INE511C01022
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members must note the listing of new securities
- All shares are subject to lock-in restrictions and cannot be transferred until April 20, 2027
- New shares carry same rights as 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
This preferential allotment represents a significant capital raising exercise by Poonawalla Fincorp, with promoters subscribing to shares at Rs. 452.51 per share. The 18-month lock-in period ensures promoter commitment and prevents immediate dilution pressure on existing shareholders. The allotment of over 3.31 crore shares will increase the company’s equity base and may impact shareholding patterns and EPS calculations. Market impact is moderate as these shares cannot be traded until April 2027.
Impact Justification
Medium impact as this is a substantial preferential allotment of 3.31 crore shares to promoters with 18-month lock-in period, affecting shareholding pattern but limited immediate trading impact