Description
52.63 lakh equity shares of Bridge Securities Ltd. to be listed on BSE from December 1, 2025, issued on preferential basis to non-promoters pursuant to warrant conversion.
Summary
Bridge Securities Ltd. (Scrip Code: 530249) will list 52,63,000 new equity shares of Rs. 1/- each on BSE with effect from Monday, December 1, 2025. These shares were issued at a premium of Rs. 4.51/- per share (total issue price Rs. 5.51/-) to non-promoters on a preferential basis pursuant to conversion of warrants. The shares will rank pari-passu with existing equity shares and are subject to lock-in until June 10, 2026.
Key Points
- 52,63,000 equity shares of Rs. 1/- each to be listed
- Issue price: Rs. 5.51/- per share (Rs. 1/- face value + Rs. 4.51/- premium)
- Issued to non-promoters on preferential basis
- Securities issued pursuant to conversion of warrants
- Date of allotment: October 10, 2025
- Distinctive numbers: 33613001 to 38876000
- ISIN: INE958C01025
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members should note the new securities available for trading from December 1, 2025
- All 52,63,000 shares are subject to lock-in and cannot be transferred until June 10, 2026
Important Dates
- Allotment Date: October 10, 2025
- Listing Date: December 1, 2025
- Lock-in Expiry: June 10, 2026
Impact Assessment
This is a routine listing announcement for a single company with limited market impact. The preferential issue represents warrant conversion to non-promoters, with all shares subject to 8-month lock-in from allotment date. The listing will increase the free float of Bridge Securities Ltd. but the shares cannot be traded by allottees until lock-in expiry. No impact on broader market operations or trading members beyond informational awareness.
Impact Justification
Routine listing of securities from warrant conversion for a single company with lock-in restrictions, minimal market-wide impact