Description
Phoenix Township Limited lists 5,70,000 equity shares issued at Rs. 143/- on preferential basis pursuant to warrant conversion, with lock-in until June 30, 2026.
Summary
Phoenix Township Limited (Scrip Code: 537839) has listed 5,70,000 new equity shares of Rs. 10/- each issued at a premium of Rs. 133/- to non-promoters on a preferential basis pursuant to conversion of warrants. The shares are admitted to trading on BSE with effect from December 9, 2025, and are subject to lock-in until June 30, 2026.
Key Points
- 5,70,000 equity shares of Rs. 10/- each issued at premium of Rs. 133/-
- Issue price: Rs. 143/- per share
- Allotted to non-promoters on preferential basis pursuant to warrant conversion
- Distinctive Numbers: 19949261 to 20519260
- Date of allotment: October 22, 2025
- ISIN: INE977M01024
- Shares rank pari-passu with existing equity shares
- Trading commences December 9, 2025
Regulatory Changes
No regulatory changes. This is a routine listing notification following preferential allotment procedures.
Compliance Requirements
Trading members are informed of the new securities listing and lock-in restrictions. All 5,70,000 shares are subject to lock-in provisions and cannot be transferred until June 30, 2026.
Important Dates
- Allotment Date: October 22, 2025
- Trading Commencement: December 9, 2025
- Lock-in Period Ends: June 30, 2026
Impact Assessment
Limited market impact as this is a standard preferential allotment listing for a single company. The lock-in period until June 30, 2026 ensures these shares will not add to immediate market liquidity. The issuance represents capital raising through warrant conversion, which is a routine corporate action with no broader market implications.
Impact Justification
Routine listing of preferential allotment shares from warrant conversion, affecting single company with moderate share count and standard lock-in provisions.