Description

BSE announces the listing of equity shares of Shining Tools Limited with detailed lock-in schedules for different share categories including promoter and non-promoter holdings.

Summary

BSE has announced the listing of equity shares of Shining Tools Limited. The circular provides comprehensive details of share allocation with distinctive number ranges and lock-in periods. Total securities listed include 4,158,400 shares with various lock-in periods ranging from 1 to 3 years, plus 1,500,000 free shares without lock-in restrictions.

Key Points

  • Total locked-in shares: 4,158,400 equity shares
  • Total free shares (no lock-in): 1,500,000 equity shares
  • Lock-in periods start from November 13, 2025
  • Lock-in end dates vary: November 20, 2026, November 20, 2027, and November 20, 2028
  • Multiple tranches with different lock-in durations (1-year, 2-year, and 3-year lock-ins)
  • Distinctive number range: From 1 to 5,658,400

Regulatory Changes

No regulatory changes announced. This is a standard listing notification.

Compliance Requirements

  • All shareholders must comply with the specified lock-in periods for their respective share categories
  • Shares cannot be traded or transferred during the lock-in period as per SEBI regulations
  • Lock-in restrictions are binding on the allottees and their transferees

Important Dates

  • Listing Date: November 13, 2025
  • Lock-in Start Date: November 13, 2025 (for all locked-in shares)
  • Lock-in End Dates:
    • November 20, 2026 (1-year lock-in)
    • November 20, 2027 (2-year lock-in)
    • November 20, 2028 (3-year lock-in)

Impact Assessment

Market Impact: Low - This is a standard IPO listing announcement for a single company.

Liquidity Impact: The lock-in provisions restrict the immediate tradeable float. Only 1,500,000 shares (approximately 26.4% of total listed shares) are immediately available for trading, while 4,158,400 shares (approximately 73.6%) are under various lock-in periods.

Investor Impact: Investors should be aware of the limited free float initially available for trading, which may impact liquidity and price discovery in the initial trading period. The staggered lock-in release over 1-3 years will gradually increase the tradeable supply.

Impact Justification

Standard IPO listing announcement with lock-in details. Medium importance for investors in this specific stock, low overall market impact.