Description
15,50,000 equity shares of Norben Tea & Exports Ltd issued on preferential basis pursuant to warrant conversion, listed and permitted to trade with effect from November 20, 2025.
Summary
BSE has listed 15,50,000 new equity shares of Norben Tea & Exports Ltd (Scrip Code: 519528) issued to non-promoters on a preferential basis pursuant to warrant conversion. The shares are permitted to trade from November 20, 2025, and are subject to lock-in until June 30, 2026.
Key Points
- 15,50,000 equity shares of Rs. 10/- each issued at a premium of Rs. 7.00/-
- Issue price: Rs. 17/- per share
- Allotment date: August 22, 2025
- Trading commencement: November 20, 2025
- Shares issued to non-promoters on preferential basis pursuant to warrant conversion
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 13994101 to 15544100
- ISIN: INE369C01017
Regulatory Changes
None applicable. This is a routine listing notification.
Compliance Requirements
- Trading members must note the listing of new securities effective from November 20, 2025
- Lock-in restrictions apply to all 15,50,000 shares (Distribution Nos. 13994101 to 15544100) until June 30, 2026
- Shares cannot be transferred or traded by allottees until lock-in period expires
Important Dates
- Allotment Date: August 22, 2025
- Trading Commencement: November 20, 2025
- Lock-in Expiry: June 30, 2026
Impact Assessment
Market Impact: Low. This is a routine preferential allotment listing for a single company with a relatively small number of shares.
Operational Impact: Minimal. Trading members need to be aware of the new securities and associated lock-in restrictions. The shares are subject to lock-in for approximately 7 months from the trading commencement date, preventing immediate liquidity for these specific shares.
Impact Justification
Routine listing of preferential allotment shares for a single company with limited market-wide impact