Description

HB Estate Developers Ltd lists 750,000 new equity shares issued at Rs. 65.25 per share on preferential basis pursuant to warrant conversion, effective December 12, 2025.

Summary

BSE has approved the listing of 750,000 new equity shares of HB Estate Developers Ltd (Scrip Code: 532334) effective December 12, 2025. These shares were issued at a premium of Rs. 55.25 (total issue price Rs. 65.25) to non-promoters on a preferential basis pursuant to conversion of warrants. The allotment was completed on October 14, 2025, and all shares are subject to lock-in until June 29, 2026.

Key Points

  • 750,000 equity shares of Rs. 10 face value listed for trading
  • Issue price: Rs. 65.25 per share (Rs. 10 face value + Rs. 55.25 premium)
  • Issued to non-promoters through warrant conversion
  • Distinguished Numbers: 56301869 to 57051868
  • New shares rank pari-passu with existing equity shares
  • Trading commences: December 12, 2025
  • ISIN: INE640B01021

Regulatory Changes

No regulatory changes introduced by this circular. This is a standard listing notification following preferential allotment procedures.

Compliance Requirements

  • Trading members are informed of the new securities available for trading
  • Lock-in restrictions must be observed: all 750,000 shares locked until June 29, 2026
  • Standard trading and settlement procedures apply for these securities

Important Dates

  • Allotment Date: October 14, 2025
  • Trading Commencement: December 12, 2025
  • Lock-in Expiry: June 29, 2026

Impact Assessment

Market Impact: Low - This is a company-specific listing with modest share count (750,000 shares) that increases the floating stock of HB Estate Developers Ltd. The preferential allotment represents capital raising activity through warrant conversion.

Operational Impact: Minimal - Trading members can trade these securities starting December 12, 2025, following standard procedures. The lock-in period until June 29, 2026 restricts immediate liquidity for these specific shares.

Investor Impact: The new shares are fungible with existing shares (pari-passu rights) but subject to approximately 6.5-month lock-in period. Issue price of Rs. 65.25 provides reference point for the warrant conversion terms.

Impact Justification

Routine equity listing following warrant conversion for a single company with lock-in provisions; limited market-wide impact.