Description

Application for trading of 24,42,000 equity shares issued on preferential basis at Rs. 42.25 per share by Shelter Pharma Limited with lock-in periods.

Summary

Shelter Pharma Limited has applied for trading of 24,42,000 equity shares issued on a preferential basis. The shares have a face value of Rs. 10 per share and were issued at Rs. 42.25 per share (including a premium of Rs. 32.25 per share). The allotment was made on two dates - October 1, 2025 and October 3, 2025, with various lock-in periods for different allottees.

Key Points

  • Total equity shares issued: 24,42,000 shares
  • Face value: Rs. 10 per share
  • Issue price: Rs. 42.25 per share (premium of Rs. 32.25 per share)
  • Two allotment dates: October 1, 2025 and October 3, 2025
  • Distinctive numbers range: 1,15,59,793 to 1,40,01,792
  • Multiple lock-in dates: June 29, 2026, June 30, 2026, and June 30, 2027

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Allottees must comply with lock-in requirements as specified
  • Shares cannot be traded until respective lock-in dates expire
  • Lock-in periods vary: majority until June 29-30, 2026, with some extending to June 30, 2027

Important Dates

  • Allotment Date 1: October 1, 2025
  • Allotment Date 2: October 3, 2025
  • Lock-in Expiry (Majority): June 29-30, 2026
  • Lock-in Expiry (Extended): June 30, 2027 (for certain allottees)

Impact Assessment

Market Impact: Low - This is a standard preferential allotment with lock-in restrictions, representing approximately 2.4% dilution assuming reasonable share capital base. The locked-in nature of shares prevents immediate market pressure.

Trading Impact: Limited near-term impact as shares are locked in for 18-20 months from allotment. Post lock-in expiry in mid-2026 and 2027, gradual supply increase may occur.

Company Impact: Positive for Shelter Pharma Limited as it raises capital for business operations. The premium pricing (Rs. 32.25 over face value) indicates investor confidence.

Impact Justification

Routine preferential allotment listing notification affecting only specific allottees with standard lock-in requirements