Description

BSE announces the listing of 6,17,35,96,631 equity shares of Billionbrains Garage Ventures Limited with various lock-in periods ranging from November 10, 2025 to May 11, 2027.

Summary

BSE has announced the listing of 6,17,35,96,631 equity shares of Billionbrains Garage Ventures Limited (registered office in Bengaluru, Karnataka). The shares include various categories with different lock-in periods, with the majority of shares in demat form and a small portion in physical form. The company has issued shares under IPO, ESOP schemes, and promoter holdings with lock-in periods extending from November 10, 2025 to May 11, 2027.

Key Points

  • Total equity shares listed: 6,17,35,96,631
  • Mix of fully paid-up shares under lock-in and not under lock-in
  • Lock-in periods: December 9, 2025 (shortest) to May 11, 2027 (longest)
  • 81,581,720 equity shares held by eligible employees under ESOP schemes are NOT under lock-in as per SEBI regulations
  • Majority of shares are in demat form; 3,61,12,725 shares in physical form
  • Lock-in details provided on pages 134-136 of the company prospectus
  • IPO public shares (62,43,129 and 7,53,38,591 shares) not under lock-in
  • Company Secretary: Roshan Bhanuprakash Dave (Membership No.: A26472)

Regulatory Changes

No regulatory changes announced. This circular is an informational notice regarding new listing compliance.

Compliance Requirements

  • Lock-in restrictions must be observed by respective shareholders as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • Regulation 17 exemption applies to 81,581,720 ESOP shares held by eligible employees as of November 7, 2025
  • Shareholders must comply with lock-in periods ranging from December 9, 2025 to May 11, 2027 depending on share category
  • Physical share distinctive numbers: 1,58,93,72,551 to 1,62,54,85,275

Important Dates

  • Listing Date: November 10, 2025
  • Shortest Lock-in End Date: December 9, 2025
  • Medium Lock-in End Date: February 7, 2026
  • Standard Lock-in End Date: May 11, 2026
  • Longest Lock-in End Date: May 11, 2027
  • Prospectus Date: November 7, 2025

Impact Assessment

Market Impact: Medium - This is a new listing on BSE with a substantial number of shares (617+ crore shares). The significant lock-in periods for most shares (approximately 94% under lock-in) will limit immediate tradable float, potentially affecting liquidity.

Investor Impact: ESOP holders benefit from no lock-in on 8.15 crore shares, providing immediate liquidity. IPO public investors holding 8.15 crore shares also have no lock-in restrictions. Promoters and long-term investors face lock-in periods up to 18 months.

Operational Impact: The company’s registered office is in Bengaluru’s Vaishnavi Tech Park. The mix of physical and demat shares requires careful tracking of distinctive numbers for compliance and transfer purposes.

Impact Justification

New company listing with significant equity shares under various lock-in periods; affects promoters, investors, and ESOP holders but limited immediate market impact