Description

OK Play India Ltd lists 1 crore equity shares issued on preferential basis to non-promoters pursuant to conversion of warrants, effective October 29, 2025.

Summary

BSE has approved the listing of 1,00,00,000 equity shares of OK Play India Ltd (Scrip Code: 526415) issued on a preferential basis to non-promoters pursuant to conversion of warrants. The securities will commence trading on the Exchange from Wednesday, October 29, 2025. The shares have been issued at a price of Rs. 13.50 per share (face value Re. 1 plus premium of Rs. 12.50) and rank pari-passu with existing equity shares.

Key Points

  • 1 crore equity shares of Re. 1 each issued at Rs. 13.50 per share (including premium of Rs. 12.50)
  • Issued to non-promoters on preferential basis through warrant conversion
  • Distribution Numbers: 357931151 to 362931150
  • ISIN: INE870B01024
  • Shares rank pari-passu with existing equity shares
  • Two allotment dates: 50 lakh shares on January 9, 2025 and 50 lakh shares on June 27, 2025

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note the new securities for trading purposes
  • Lock-in restrictions must be observed for the allotted shares as per the specified schedule
  • All shares are subject to lock-in until April 30, 2026

Important Dates

  • October 28, 2025: Notice date
  • October 29, 2025: Trading commencement date
  • January 9, 2025: First allotment date (50,00,000 shares)
  • June 27, 2025: Second allotment date (50,00,000 shares)
  • April 30, 2026: Lock-in expiry date for all shares

Impact Assessment

Market Impact: Low. This is a routine listing of preferentially allotted shares following warrant conversion. The dilution is limited to 1 crore shares with a lock-in period extending until April 2026, which restricts immediate market supply.

Operational Impact: Minimal. Trading members need to update their systems to reflect the new securities and associated lock-in provisions. The preferential allotment to non-promoters increases the public float but with restricted liquidity until lock-in expiry.

Investor Impact: Existing shareholders should note the dilution from the preferential issue, though the lock-in period provides some stability. The issue price of Rs. 13.50 per share provides a reference point for valuation.

Impact Justification

Routine preferential allotment listing with standard lock-in provisions; limited market impact given the specific nature of the issuance to non-promoters.