Description
Listing of 11,50,800 equity shares of Foseco India Ltd issued on preferential basis to non-promoters at Rs. 5,674.12 per share, effective December 26, 2025.
Summary
BSE has approved the listing of 11,50,800 new equity shares of Foseco India Ltd (Scrip Code: 500150) issued on a preferential basis to non-promoters. The shares will be available for trading from December 26, 2025. These shares were allotted at a premium of Rs. 5,664.12 per share (face value Rs. 10) and are subject to lock-in restrictions until June 30, 2026.
Key Points
- 11,50,800 equity shares of Rs. 10/- each issued at premium of Rs. 5,664.12/-
- Total issue price: Rs. 5,674.12 per share
- Allotted to non-promoters on preferential basis
- Date of allotment: November 12, 2025
- Trading commencement: December 26, 2025 (Friday)
- Distinctive numbers: 6386460 to 7537259
- ISIN: INE519A01011
- New shares rank pari-passu with existing equity shares
- All 11,50,800 shares subject to lock-in until June 30, 2026
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification for preferential allotment.
Compliance Requirements
- Trading members must note the listing of new securities effective December 26, 2025
- Lock-in restrictions apply to all 11,50,800 shares (Dist. Nos. 6386460 to 7537259) until June 30, 2026
- Shares cannot be transferred or sold until lock-in period expires
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 capital raising by Foseco India Ltd at a significant premium (Rs. 5,664.12 over face value of Rs. 10), indicating strong investor confidence. However, the impact on secondary market trading will be minimal in the near term due to the complete lock-in of all allotted shares until June 30, 2026.
Dilution: The addition of 11.5 lakh shares will increase the equity base, though the exact dilution percentage depends on the existing share capital. The lock-in period provides stability by preventing immediate sell pressure.
Investor Consideration: Existing shareholders should note the dilution from this preferential issue. The high premium suggests positive valuation, while the lock-in period indicates medium-term commitment from allottees.
Impact Justification
Routine listing of preferential allotment shares. Limited impact on overall market as shares are locked-in until June 2026. Modest dilution with 11.5 lakh shares.