Description

BSE notification regarding the listing of equity shares of SHINING TOOLS LIMITED with lock-in details for various distinctive number ranges.

Summary

BSE has announced the listing of equity shares of SHINING TOOLS LIMITED. The circular details the distinctive number ranges for various share allocations with specific lock-in periods. Total shares being listed include 4,158,400 shares with lock-in restrictions and 1,500,000 shares that are freely tradable.

Key Points

  • Total locked-in shares: 4,158,400 equity shares (distinctive numbers 1 to 4,158,400)
  • Total freely tradable shares: 1,500,000 equity shares (distinctive numbers 4,158,401 to 5,658,400)
  • Lock-in period starts: November 13, 2025
  • Lock-in expiry dates vary: November 20, 2026 to November 20, 2028 depending on share category
  • Multiple share allocations with varying lock-in periods (1 year and 3 years)
  • Largest single allocation: 565,840 shares with 3-year lock-in (until November 20, 2028)

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification with applicable SEBI lock-in requirements for promoter and anchor investor holdings.

Compliance Requirements

  • Shareholders holding locked-in shares must comply with the specified lock-in periods
  • Shares cannot be transferred or sold until the respective lock-in expiry dates
  • Compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations for locked-in securities

Important Dates

  • Lock-in Start Date: November 13, 2025 (for all locked-in shares)
  • Lock-in Expiry (1-year): November 20, 2026 (for majority of allocations)
  • Lock-in Expiry (2-year): November 20, 2027 (for select allocations)
  • Lock-in Expiry (3-year): November 20, 2028 (for promoter holdings)

Impact Assessment

Market Impact: Medium - The listing adds a new equity security to BSE’s trading platform. With approximately 27% of shares (1.5 million out of 5.66 million) being freely tradable from day one, there is reasonable liquidity available for investors.

Investor Impact: The staggered lock-in expiry dates (2026, 2027, and 2028) indicate a structured approach to share release, which can help prevent sudden supply shocks to the market. Investors should note that 73.5% of shares are currently locked-in, which may impact liquidity and price discovery in the initial trading period.

Impact Justification

New equity listing with lock-in provisions affecting 4,158,400 locked-in shares and 1,500,000 free shares, relevant for investors and market participants