Description

ONIX SOLAR ENERGY LIMITED lists 1.85 crore new equity shares issued to promoters on preferential basis at Rs. 264 per share, with lock-in periods extending to July 2027.

Summary

BSE has approved the listing of 1,85,13,885 new equity shares of ONIX SOLAR ENERGY LIMITED (Scrip Code: 513119) issued on preferential basis to promoters. The shares are priced at Rs. 264 per share (face value Rs. 10 with premium of Rs. 254) and will commence trading from January 8, 2026. The allotment was completed on October 13, 2025, with staggered lock-in periods for different tranches.

Key Points

  • Total new shares listed: 1,85,13,885 equity shares of Rs. 10 each
  • Issue price: Rs. 264 per share (premium of Rs. 254)
  • Allotted to: Promoters on preferential basis
  • Distinctive numbers: 1980001 to 20493885
  • ISIN: INE173M01012
  • Shares rank pari-passu with existing equity shares
  • Trading commencement: January 8, 2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must note the new securities available for trading from January 8, 2026
  • Lock-in restrictions must be observed as per SEBI regulations:
    • 1,44,15,108 shares (Dist. Nos. 1980001 to 16395108) locked in until July 10, 2026
    • 40,98,777 shares (Dist. Nos. 16395109 to 20493885) locked in until July 10, 2027

Important Dates

  • Date of Allotment: October 13, 2025
  • Trading Commencement: January 8, 2026
  • Lock-in Expiry (Tranche 1): July 10, 2026 (for 1.44 crore shares)
  • Lock-in Expiry (Tranche 2): July 10, 2027 (for 40.98 lakh shares)

Impact Assessment

Market Impact: The preferential issue represents a substantial capital raise for ONIX SOLAR ENERGY LIMITED. The allotment exclusively to promoters indicates strong promoter commitment and confidence in the company’s prospects. However, this significantly increases the share capital and may lead to dilution concerns for existing public shareholders.

Trading Impact: With 1.85 crore new shares entering circulation from January 8, 2026, the stock may experience increased liquidity. The extended lock-in periods (until 2026 and 2027) ensure that promoter shares remain locked, providing stability. Only after lock-in expiry will the full float impact be realized.

Corporate Action: The substantial premium of Rs. 254 over face value suggests the company’s strong valuation and growth prospects, justifying the high issue price to promoters.

Impact Justification

Significant preferential allotment to promoters increasing share capital by substantial amount with extended lock-in periods, indicating promoter confidence but diluting existing shareholding