Description

26,39,000 equity shares of Last Mile Enterprises Limited listed on BSE with effect from November 18, 2025, issued on preferential basis pursuant to conversion of warrants.

Summary

BSE has listed 26,39,000 new equity shares of Last Mile Enterprises Limited (Scrip Code: 526961) with effect from November 18, 2025. These shares were issued at a premium of Rs. 16.50 per share to non-promoters on a preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares and are subject to lock-in until May 30, 2026.

Key Points

  • 26,39,000 equity shares of Re. 1/- each listed and permitted to trade from November 18, 2025
  • Issued to non-promoters on preferential basis pursuant to warrant conversion
  • Issue price: Rs. 17.50 per share (Re. 1 face value + Rs. 16.50 premium)
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE404B01022
  • Two allotment tranches: 13,39,000 shares on July 1, 2025 and 13,00,000 shares on July 21, 2025
  • All shares subject to lock-in until May 30, 2026

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note the listing of new securities
  • Lock-in restrictions must be observed until May 30, 2026
  • Shares distinguished by distinctive numbers:
    • 13,39,000 shares: Dist. Nos. 350692351 to 352031350
    • 13,00,000 shares: Dist. Nos. 352031351 to 353331350

Important Dates

  • Allotment Date (Tranche 1): July 1, 2025 (13,39,000 shares)
  • Allotment Date (Tranche 2): July 21, 2025 (13,00,000 shares)
  • Trading Commencement: November 18, 2025
  • Lock-in Expiry: May 30, 2026

Impact Assessment

Market Impact: Low - This is a routine listing notice for preferential allotment. The shares were allotted to non-promoters through warrant conversion, representing capital infusion at Rs. 17.50 per share.

Liquidity Impact: Minimal immediate impact as all 26,39,000 shares are locked-in until May 30, 2026, preventing trading until lock-in expiry.

Dilution Impact: The addition of 26,39,000 equity shares will dilute existing shareholding. The exact dilution percentage would depend on the pre-issue share capital of the company.

Investor Considerations: The lock-in period indicates these shares were issued to strategic or identified investors as part of a preferential allotment, with restrictions on transferability for approximately 6 months from the listing date.

Impact Justification

Routine listing notice for preferential allotment of equity shares to non-promoters. Limited market impact as shares are subject to lock-in until May 2026.