Description
BSE announces the listing of 13,700,000 equity shares of Neptune Logitek Limited with lock-in periods ranging from 1 to 4 years across different tranches.
Summary
BSE has listed 13,700,000 equity shares of Neptune Logitek Limited in dematerialised form. The shares are subject to various lock-in periods based on distinctive number ranges, with lock-in durations ranging from 1 to 4 years starting from December 22, 2025.
Key Points
- Total shares listed: 13,700,000 equity shares
- All shares are in dematerialised form
- Lock-in periods commence on December 22, 2025
- Lock-in end dates vary: December 24, 2026 (1-year), December 24, 2027 (2-year), and December 24, 2028 (3-year)
- Shares are divided into multiple tranches with distinctive number ranges
- Largest single tranche with 3-year lock-in: 1,753,598 shares (distinctive nos. 5353605-7676802)
Regulatory Changes
No regulatory changes introduced. This is a standard new equity listing announcement.
Compliance Requirements
- Shareholders must comply with lock-in restrictions based on their distinctive number ranges
- Shares cannot be traded until respective lock-in periods expire
- All shares must remain in dematerialised form
Important Dates
- Lock-in Start Date: December 22, 2025
- Lock-in End Dates (1-year tranche): December 24, 2026
- Lock-in End Dates (2-year tranche): December 24, 2027
- Lock-in End Dates (3-year tranche): December 24, 2028
Impact Assessment
Limited market impact as this is a new listing announcement. The staggered lock-in periods will control supply flow into the market over 1-3 years, potentially supporting price stability. Investors should note that a significant portion of shares (approximately 2.3 million shares across distinctive nos. 986402-986403 and 5353605-7676802) have 3-year lock-in periods, indicating promoter/anchor holdings with longer commitment periods.
Impact Justification
Routine new listing announcement with standard lock-in provisions; impacts only Neptune Logitek shareholders and prospective investors