Description
Wanbury Limited lists 2 million equity shares issued at Rs. 120/- on preferential basis to promoters pursuant to warrant conversion, with lock-in until June 30, 2027.
Summary
BSE has approved the listing of 2,000,000 equity shares of Wanbury Limited (Scrip Code: 524212) issued to promoters on a preferential basis pursuant to warrant conversion. The shares will commence trading on December 30, 2025, with a lock-in period extending until June 30, 2027.
Key Points
- Number of Shares: 2,000,000 equity shares of Rs. 10/- face value each
- Issue Price: Rs. 120/- per share (premium of Rs. 110/-)
- Allotment Basis: Preferential allotment to promoters via warrant conversion
- Trading Commencement: December 30, 2025
- Distinctive Numbers: 32876999 to 34876998
- ISIN: INE107F01022
- Pari Passu: New shares rank equally with existing equity shares
Regulatory Changes
No regulatory changes introduced by this circular. This is a standard listing notification.
Compliance Requirements
- Trading members are informed of the new securities available for trading
- All 2,000,000 shares are subject to mandatory lock-in restrictions
- Shares cannot be transferred or traded by allottees until lock-in expiry
Important Dates
- Allotment Date: September 18, 2025
- Trading Start Date: December 30, 2025
- Lock-in Expiry: June 30, 2027
Impact Assessment
Market Impact: Minimal. This is a promoter-driven preferential allotment with complete lock-in until mid-2027, meaning no immediate free float increase or trading volume impact.
Company Impact: Positive funding event for Wanbury Limited, raising Rs. 24 crores (2 million shares × Rs. 120) from promoters, indicating promoter confidence and providing capital for business operations.
Investor Impact: No immediate impact on retail investors. Locked shares prevent any near-term dilution effect on trading dynamics.
Impact Justification
Routine listing of preferential shares to promoters with standard lock-in. Limited market impact as shares are promoter-held and locked until 2027.