Description
BSE announces the listing of 46,26,68,572 new equity shares of Prime Focus Limited allotted to various investors with lock-in dates ranging from May 2026 to May 2027.
Summary
BSE has listed 46,26,68,572 new equity shares of Prime Focus Limited allotted to 16 allottees. The allotment includes major stakes to A2R Holdings (15,50,99,910 shares with May 2027 lock-in and 54,62,470 shares with May 2026 lock-in), Novator Capital Limited (11,12,84,312 shares), and Bresino Projects Limited (3,45,22,200 shares), among others. The shares have lock-in dates primarily on May 24, 2026, with one tranche locked until May 24, 2027.
Key Points
- Total shares allotted: 46,26,68,572 equity shares
- Number of allottees: 16 investors/entities
- Largest allottee: A2R Holdings with 16,05,62,380 total shares (across three tranches)
- Second largest: Novator Capital Limited with 11,12,84,312 shares
- Third largest: Bresino Projects Limited with 3,45,22,200 shares
- Notable individual allottees include Ranbir Kapoor (12,50,000 shares) and other HNIs
- Distinctive numbers range from 31,28,30,977 to 77,54,99,548
- Most shares have lock-in until May 24, 2026
- A2R Holdings’ largest tranche (15,50,99,910 shares) has extended lock-in until May 27, 2027
Regulatory Changes
No regulatory changes announced. This is a standard listing notification for newly allotted securities.
Compliance Requirements
- Lock-in compliance: Allottees must adhere to respective lock-in dates (May 24, 2026 for most tranches, May 24, 2027 for A2R Holdings’ primary tranche)
- The shares cannot be transferred or sold until the lock-in period expires
- Issuer must ensure compliance with SEBI preferential allotment regulations
Important Dates
- May 24, 2026: Lock-in expiry date for majority of allotted shares (14 tranches)
- May 27, 2027: Lock-in expiry date for A2R Holdings’ largest tranche (15,50,99,910 shares)
- November 19, 2025: Circular issuance date
Impact Assessment
Market Impact: The allotment of over 46 crore shares represents a substantial equity dilution event for Prime Focus Limited. Existing shareholders will experience ownership dilution proportional to the company’s pre-allotment share capital.
Investor Impact: The lock-in periods provide stability by preventing immediate selling pressure. The extended lock-in for A2R Holdings’ major stake (until 2027) suggests long-term strategic investment interest.
Company Impact: This capital raise likely strengthens Prime Focus Limited’s financial position for business expansion, debt reduction, or operational requirements. The diverse investor base including institutional investors (Novator Capital, Chartered Finance), funds (Singularity Equity Fund I, Cohesion MK), and high-net-worth individuals indicates broad confidence in the company’s prospects.
Trading Impact: Once the lock-in expires, potential overhang of shares may affect stock liquidity and price. Investors should monitor the promoter holding percentage post-allotment and track when locked-in shares become tradeable.
Impact Justification
Significant equity allotment of over 46 crore shares with lock-in periods, relevant for existing shareholders due to potential dilution and for investors tracking promoter/institutional holdings.