Description
Listing and trading commencement of 1,446,500 preferential allotment equity shares of Network People Services Technologies Limited with lock-in period until June 14, 2026.
Summary
BSE has listed 1,446,500 new equity shares of Network People Services Technologies Limited (Scrip Code: 544396) issued on preferential basis to non-promoters. Trading in these securities will commence from December 11, 2025. The shares were allotted on September 5, 2025 at an issue price of Rs. 2,074 per share (face value Rs. 10 + premium Rs. 2,064) and are subject to lock-in until June 14, 2026.
Key Points
- 1,446,500 equity shares of Rs. 10/- each issued at premium of Rs. 2,064/-
- Issued to non-promoters on preferential basis
- Shares rank pari-passu with existing equity shares
- ISIN: INE0FFK01017
- Distinctive Numbers: 19395251 to 20841750
- Issue Price: Rs. 2,074.00 per share
- Date of Allotment: September 5, 2025
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members are informed of the new securities listing
- All 1,446,500 shares are subject to mandatory lock-in provisions
- Shares cannot be transferred or sold before the lock-in expiry date
Important Dates
- Allotment Date: September 5, 2025
- Trading Commencement: December 11, 2025
- Lock-in Expiry: June 14, 2026
Impact Assessment
This is a routine corporate action with limited market impact. The preferential allotment increases the equity base of Network People Services Technologies Limited by 1,446,500 shares. The lock-in period until June 14, 2026 ensures these shares remain illiquid for approximately 18 months from allotment, preventing immediate selling pressure. The issuance to non-promoters at a significant premium (Rs. 2,064 over face value) indicates investor confidence in the company’s prospects.
Impact Justification
Routine preferential allotment listing affecting only specific non-promoter investors with standard lock-in provisions