Description
Listing of 21,31,936 equity shares of Hubtown Limited issued at Rs. 220/- to promoters on preferential basis pursuant to conversion of warrants, with lock-in until July 31, 2027.
Summary
BSE has approved the listing of 21,31,936 new equity shares of Hubtown Limited (Scrip Code: 532799) issued to promoters on a preferential basis pursuant to warrant conversion. The shares will commence trading on December 11, 2025, and are subject to a lock-in period until July 31, 2027.
Key Points
- 21,31,936 equity shares of Rs. 10/- face value issued at a premium of Rs. 210/-
- Issue price: Rs. 220.00 per share
- Allotment date: September 26, 2025
- Trading commencement: December 11, 2025
- Distribution numbers: 139968722 to 142100657
- ISIN: INE703H01016
- Shares rank pari-passu with existing equity shares
- Issued to promoters on preferential basis
- Issued pursuant to conversion of warrants
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification for new securities.
Compliance Requirements
- Trading members are informed to note the listing of these new securities
- All 21,31,936 shares are subject to mandatory lock-in until July 31, 2027
- Shares cannot be transferred or traded by allottees during the lock-in period
Important Dates
- Allotment Date: September 26, 2025
- Trading Commencement: December 11, 2025
- Lock-in Expiry: July 31, 2027
Impact Assessment
Market Impact: Minimal to low. The preferential allotment increases the paid-up capital of Hubtown Limited, but since all shares are locked-in until July 2027, there is no immediate impact on free float or trading volumes. The shares were issued to promoters, indicating potential capital infusion for business operations. The shares rank pari-passu with existing shares, maintaining equal rights for all equity holders.
Impact Justification
Routine preferential allotment to promoters with standard lock-in period. Limited market impact as shares are locked until 2027.