Description

Le Travenues Technology Limited lists 4.63 crore equity shares issued at Rs. 280 per share on preferential basis to non-promoters, with lock-in till June 11, 2026.

Summary

BSE has approved the listing of 4,62,70,092 equity shares of Le Travenues Technology Limited (Scrip Code: 544192) issued on preferential basis to non-promoters. The shares are listed with effect from December 11, 2025, and are subject to lock-in until June 11, 2026.

Key Points

  • Number of Shares: 4,62,70,092 equity shares of Re. 1/- each
  • Issue Price: Rs. 280 per share (Rs. 1 face value + Rs. 279 premium)
  • Allotment Type: Preferential basis to Non-Promoters
  • Date of Allotment: November 12, 2025
  • Trading Commencement: December 11, 2025
  • ISIN: INE0HV901016
  • Distinctive Numbers: 390407772 to 436677863
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notification for preferential allotment under existing SEBI regulations.

Compliance Requirements

  • Trading members must note the listing of new securities for trading operations
  • Lock-in restrictions apply to all 4,62,70,092 shares until June 11, 2026
  • No transfer or sale permitted during the lock-in period

Important Dates

  • Allotment Date: November 12, 2025
  • Listing Date: December 11, 2025
  • Lock-in Period Ends: June 11, 2026 (18 months from allotment)

Impact Assessment

Dilution Impact: The preferential issue represents a significant capital raise at Rs. 1,295.56 crore (approximately). This will dilute existing shareholders’ holdings.

Market Impact: Medium - The 18-month lock-in period provides stability as these shares cannot be sold immediately. The preferential allotment to non-promoters may be for strategic or financial investors.

Operational Impact: The capital infusion strengthens the company’s financial position and may be used for business expansion, debt reduction, or working capital requirements.

Impact Justification

Significant preferential allotment of 4.63 crore shares with 18-month lock-in period. Material dilution event for existing shareholders but routine corporate action.