Description

Listing and trading of 46,07,000 equity shares of Inter Globe Finance Ltd issued on preferential basis pursuant to conversion of warrants, effective December 31, 2025.

Summary

BSE has listed 46,07,000 new equity shares of Inter Globe Finance Ltd (Scrip Code: 511391) issued pursuant to conversion of warrants on a preferential basis to promoters and non-promoters. The shares will be available for trading from December 31, 2025, and rank pari-passu with existing equity shares.

Key Points

  • Total shares listed: 46,07,000 equity shares of Rs. 10/- each
  • Issue price: Rs. 46.50/- (including premium of Rs. 36.50/-)
  • Allotment in two tranches: 19,95,000 shares on October 16, 2025 and 26,12,000 shares on November 6, 2025
  • ISIN: INE661M01016
  • Distribution Numbers: 8957296 to 13564295
  • Shares rank pari-passu with existing equity shares
  • Issued to promoter and non-promoter on preferential basis pursuant to warrant conversion

Regulatory Changes

No regulatory changes. This is a standard listing notification for new securities.

Compliance Requirements

Trading members are informed to note the listing of these new securities for trading purposes. The shares are subject to lock-in requirements as detailed below.

Important Dates

  • October 16, 2025: First allotment of 19,95,000 shares
  • November 6, 2025: Second allotment of 26,12,000 shares
  • December 31, 2025: Trading commencement date
  • August 31, 2026: Lock-in expiry for 24,62,000 shares (Dist. Nos. 10577296-10952295 and 11439296-13564295)
  • August 31, 2027: Lock-in expiry for 21,45,000 shares (Dist. Nos. 8957296-10577295 and 10952296-11439295)

Lock-in Details

  • 16,20,000 shares (Dist. Nos. 8957296-10577295): Locked until August 31, 2027
  • 3,75,000 shares (Dist. Nos. 10577296-10952295): Locked until August 31, 2026
  • 4,87,000 shares (Dist. Nos. 10952296-11439295): Locked until August 31, 2027
  • 21,25,000 shares (Dist. Nos. 11439296-13564295): Locked until August 31, 2026

Impact Assessment

The listing represents a capital raise through warrant conversion, increasing Inter Globe Finance Ltd’s equity base by 46,07,000 shares. With lock-in periods ranging from 20 to 33 months, the immediate impact on trading volumes and liquidity will be minimal. The preferential allotment indicates confidence from promoters and select investors. The shares being pari-passu ensures equal rights for new shareholders.

Impact Justification

Routine listing of new equity shares from warrant conversion with standard lock-in provisions. Limited market impact as shares are subject to lock-in periods.