Description

BSE lists 26,39,000 new equity shares of Last Mile Enterprises Limited issued at Rs. 17.50 per share on preferential basis pursuant to warrant conversion, effective November 18, 2025.

Summary

BSE has approved the listing of 26,39,000 new equity shares of Last Mile Enterprises Limited (Scrip Code: 526961) issued to non-promoters on a preferential basis pursuant to warrant conversion. The shares will commence trading on November 18, 2025, at an issue price of Rs. 17.50 per share (Re. 1 face value + Rs. 16.50 premium). The allotment occurred in two tranches on July 1, 2025 (13,39,000 shares) and July 21, 2025 (13,00,000 shares), with ISIN INE404B01022.

Key Points

  • Total new shares listed: 26,39,000 equity shares of Re. 1/- each
  • Issue price: Rs. 17.50 per share (face value Re. 1 + premium Rs. 16.50)
  • Allotment to: Non-promoters on preferential basis
  • Source: Conversion of warrants
  • Trading commencement: November 18, 2025
  • Scrip Code: 526961
  • ISIN: INE404B01022
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for preferential allotment shares.

Compliance Requirements

  • Trading members are informed of the new securities available for trading
  • Lock-in restrictions must be observed as per SEBI regulations for preferential allotment
  • The first tranche of 13,39,000 shares (Dist. Nos. 350692351 to 352031350) is subject to lock-in until May 30, 2026
  • The second tranche of 13,00,000 shares (Dist. Nos. 352031351 to 353331350) lock-in period not specified in the circular

Important Dates

  • July 1, 2025: Allotment date for first tranche (13,39,000 shares)
  • July 21, 2025: Allotment date for second tranche (13,00,000 shares)
  • November 18, 2025: Trading commencement date
  • May 30, 2026: Lock-in expiry for first tranche (13,39,000 shares)

Impact Assessment

Market Impact: Low. The listing of 26.39 lakh shares represents a preferential allotment to non-promoters, which is a relatively small issuance. The shares are subject to lock-in restrictions, preventing immediate selling pressure.

Operational Impact: Minimal. This is a routine listing following regulatory procedures for warrant conversion under preferential allotment norms.

Investor Impact: Current shareholders may experience minor dilution. The preferential issue at Rs. 17.50 per share indicates fundraising at a predetermined price to select investors. Lock-in provisions protect against immediate dumping but will add to tradable float post-expiry in May 2026.

Impact Justification

Routine listing of preferential allotment shares from warrant conversion. Limited market impact due to small issuance size and lock-in restrictions.