Description
BSE approves listing of 1,04,000 equity shares of Venus Pipes & Tubes Limited issued to promoters on preferential basis pursuant to warrant conversion, effective November 19, 2025.
Summary
BSE has approved the listing and trading of 1,04,000 new equity shares of Venus Pipes & Tubes Limited (Scrip Code: 543528) effective from November 19, 2025. These shares were issued to promoters on a preferential basis pursuant to the conversion of warrants. The shares are subject to a lock-in period until May 29, 2027.
Key Points
- 1,04,000 equity shares of Rs. 10/- each issued at a premium of Rs. 1,690/-
- Issue price: Rs. 1,700/- per share
- Allotment date: September 5, 2025
- Trading commencement: November 19, 2025
- Shares issued to promoters on preferential basis pursuant to warrant conversion
- Distinctive numbers: 20492111 to 20596110
- ISIN: INE0JA001018
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification for new securities.
Compliance Requirements
- Trading members are informed to note the listing of these new securities
- All 1,04,000 shares are subject to lock-in restrictions until May 29, 2027
- No trading permitted in these locked-in shares until the lock-in period expires
Important Dates
- Allotment Date: September 5, 2025
- Trading Commencement: November 19, 2025
- Lock-in Expiry: May 29, 2027
Impact Assessment
Market Impact: Low. This is a small preferential allotment to promoters representing minimal dilution. The shares are fully locked-in for approximately 18 months, ensuring no immediate market supply.
Operational Impact: Minimal. Standard listing procedure with no impact on trading operations for existing shares.
Impact Justification
Routine preferential allotment to promoters with minimal dilution (1.04 lakh shares) and standard lock-in period; limited market impact expected.