Description

Lock-in details for 6.78 crore equity shares of KSH International Limited following IPO listing, with various lock-in periods ranging from 30 days to 3 years.

Summary

BSE has listed equity shares of KSH International Limited with detailed lock-in arrangements for 6,77,55,700 shares. The circular provides distinctive number ranges and lock-in periods for various categories of shareholders including anchor investors, promoters, and public shareholders. Lock-in periods vary from 30 days for certain anchor investors to 3 years for promoter holdings.

Key Points

  • Total equity shares listed: 6,77,55,700 shares in dematerialized form
  • Anchor investor shares: 55,46,874 shares with 30-day and 90-day lock-ins
  • Promoter shares locked for up to 3 years (until December 21, 2028)
  • IPO public shares: 1,06,90,123 shares without lock-in restrictions
  • All shares are in demat form; distinctive numbers are for presentation only
  • Lock-in details referenced from pages 97-99 of company prospectus

Regulatory Changes

No regulatory changes. This is a standard listing circular detailing lock-in arrangements as per existing SEBI regulations for IPO listings.

Compliance Requirements

  • KSH International Limited must ensure compliance with lock-in obligations for respective shareholder categories
  • Anchor investors cannot trade their allocated shares before lock-in expiry
  • Promoters must maintain minimum lock-in as per SEBI guidelines
  • Depository participants must enforce lock-in restrictions on respective folios

Important Dates

  • Listing Date: December 19, 2025
  • Anchor Lock-in (30 days): Expires January 17, 2026
  • Anchor Lock-in (90 days): Expires March 18, 2026
  • Promoter Lock-in (6 months): Expires June 21, 2026
  • Promoter Lock-in (1 year): Expires December 21, 2026
  • Promoter Lock-in (3 years): Expires December 21, 2028
  • Circular Date: December 19, 2025

Impact Assessment

Market Impact: Medium - A significant portion of shares (approximately 84% excluding public float) are under various lock-in periods, which will limit immediate tradable float and potentially affect liquidity. The staggered unlocking schedule will gradually increase available shares over 3 years.

Operational Impact: Low - This is a standard post-IPO listing requirement with no additional operational burden beyond normal compliance.

Investor Impact: Medium - Retail investors should be aware that only approximately 1.07 crore shares (15.7% of total) are immediately tradable without restrictions, which may impact price discovery and volatility in early trading days.

Impact Justification

Standard IPO listing with lock-in details for promoter and anchor investor shares affecting trading float