Description
Foseco India Ltd. lists 11,50,800 equity shares issued on preferential basis to non-promoters, effective December 26, 2025, with lock-in until June 30, 2026.
Summary
BSE has approved the listing of 11,50,800 equity shares of Foseco India Ltd. (Scrip Code: 500150) issued to non-promoters on a preferential basis. The shares will commence trading on December 26, 2025, and are subject to lock-in until June 30, 2026.
Key Points
- 11,50,800 equity shares of Rs. 10/- each listed on BSE
- Issue price: Rs. 5,674.12 per share (including premium of Rs. 5,664.12)
- Allotment date: November 12, 2025
- Trading commencement: December 26, 2025
- Distinctive Numbers: 6386460 to 7537259
- ISIN: INE519A01011
- Shares rank pari-passu with existing equity shares
- Issued to non-promoters on preferential basis
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members are informed that the new securities are permitted for trading from December 26, 2025
- All 11,50,800 shares are subject to mandatory lock-in restrictions
Important Dates
- Allotment Date: November 12, 2025
- Trading Commencement: December 26, 2025
- Lock-in Expiry: June 30, 2026
Impact Assessment
Market Impact: Low. The preferential issue represents additional equity capital for Foseco India Ltd. However, the complete lock-in of all shares until June 30, 2026, means these shares will not be available for trading in the secondary market for approximately six months, minimizing immediate supply-side pressure on the stock price. The issue to non-promoters at a significant premium (Rs. 5,664.12 over face value) indicates investor confidence in the company’s valuation.
Impact Justification
Routine listing of preferential allotment shares with standard lock-in provisions; limited market impact due to lock-in restrictions until June 2026.