Description

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

Summary

ONIX SOLAR ENERGY LIMITED (Scrip Code: 513119) has listed 1,85,13,885 new equity shares on BSE, effective from January 8, 2026. These shares were issued on a preferential basis to promoters at Rs. 264/- per share (face value Rs. 10/- plus premium of Rs. 254/-). The allotment was completed on October 13, 2025, and the shares are subject to lock-in periods extending up to July 2027.

Key Points

  • Total new shares listed: 1,85,13,885 equity shares of Rs. 10/- each
  • Issue price: Rs. 264/- per share (including premium of Rs. 254/-)
  • Allotted to: Promoters on preferential basis
  • Date of allotment: October 13, 2025
  • Trading commencement: January 8, 2026
  • ISIN: INE173M01012
  • Distinctive Numbers: 1980001 to 20493885
  • Shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard preferential allotment listing notification.

Compliance Requirements

  • Trading members must note the new securities for trading from January 8, 2026
  • Lock-in restrictions must be observed as per the schedule provided
  • The preferential shares carry same rights as existing equity shares

Important Dates

  • Allotment Date: October 13, 2025
  • Trading Start Date: January 8, 2026
  • First Lock-in Expiry: July 10, 2026 (for 1,44,15,108 shares with Dist. Nos. 1980001 to 16395108)
  • Second Lock-in Expiry: July 10, 2027 (for 40,98,777 shares with Dist. Nos. 16395109 to 20493885)

Impact Assessment

Market Impact: The preferential allotment significantly increases the equity base of ONIX SOLAR ENERGY LIMITED. The substantial promoter holding increase (approximately 1.85 crore shares) demonstrates promoter confidence and commitment to the company.

Liquidity Impact: The staggered lock-in structure means complete free float will only be achieved after July 2027. Approximately 77.9% of the new shares (1.44 crore) will unlock by July 2026, while the remaining 22.1% (40.98 lakh shares) remain locked until July 2027.

Shareholder Impact: Existing shareholders should note the dilution from this preferential issue. The pricing at Rs. 264/- per share provides insight into the valuation at the time of allotment. The promoter-focused allotment strengthens management control while raising capital for business operations.

Impact Justification

Significant preferential allotment to promoters increasing equity base by 1.85 crore shares, with staggered lock-in indicating medium-term promoter commitment and potential impact on stock liquidity