Description

BSE circular regarding the listing of 13,700,000 equity shares of Neptune Logitek Limited with various lock-in periods ranging from 2026 to 2028.

Summary

BSE has announced the listing of 13,700,000 equity shares of Neptune Logitek Limited. All shares are in dematerialised form with various lock-in periods extending from December 24, 2026 to December 24, 2028 depending on the share category.

Key Points

  • Total shares listed: 13,700,000
  • All shares are in dematerialised form
  • Lock-in periods start from December 22, 2025
  • Multiple tranches with different lock-in end dates (2026, 2027, and 2028)
  • Shares distributed across 13 distinctive number ranges

Lock-in Structure

2-Year Lock-in (ending Dec 24, 2026):

  • Multiple tranches totaling significant portion of shares
  • Distinctive numbers: 1-986400, 1306801-1753600, 2323199-3700000, and several other ranges

3-Year Lock-in (ending Dec 24, 2027):

  • Distinctive numbers: 2293203-3600002, 7676803-9999999

4-Year Lock-in (ending Dec 24, 2028):

  • Distinctive numbers: 986403-2293202, 5353605-7676802

Important Dates

  • Lock-in Start Date: December 22, 2025
  • First Lock-in Expiry: December 24, 2026 (2-year period)
  • Second Lock-in Expiry: December 24, 2027 (3-year period)
  • Final Lock-in Expiry: December 24, 2028 (4-year period)

Compliance Requirements

  • All shares must remain in dematerialised form
  • Shares are subject to respective lock-in periods and cannot be transferred until expiry dates
  • Promoters and anchor investors must comply with lock-in obligations as per SEBI regulations

Impact Assessment

This listing represents a standard new equity listing on BSE. The staggered lock-in periods indicate a mix of promoter holdings (longer lock-ins) and other quota shares (shorter lock-ins). Investors should note the substantial locked-in portion which will gradually become tradeable between 2026-2028, potentially affecting liquidity and price dynamics as lock-ins expire.

Impact Justification

Standard listing notification for Neptune Logitek Limited involving 13.7 million shares with structured lock-in periods, relevant for investors tracking new listings