Description

Synthiko Foils Ltd. lists 13,608,849 preferential equity shares at Rs. 769.16 per share with lock-in periods ranging from 1-2.5 years, effective January 13, 2026.

Summary

BSE has announced the listing of 13,608,849 new equity shares of Synthiko Foils Ltd. (Scrip Code: 513307) issued on a preferential basis to promoters and non-promoters. The shares will commence trading on January 13, 2026, with an issue price of Rs. 769.16 per share (face value Rs. 10 plus premium of Rs. 759.16). The allotment includes lock-in provisions with 3.62 million shares locked until July 14, 2027, and 9.99 million shares locked until July 14, 2026.

Key Points

  • Total shares listed: 13,608,849 equity shares of Rs. 10 each
  • Issue price: Rs. 769.16 per share (including premium of Rs. 759.16)
  • Trading commencement date: January 13, 2026
  • Date of allotment: December 24, 2025
  • ISIN: INE363L01045
  • Shares rank pari-passu with existing equity shares
  • Distinctive numbers: 870001 to 14478849
  • Two-tier lock-in structure implemented

Regulatory Changes

No regulatory changes introduced. This circular notifies members of new securities listing pursuant to preferential allotment regulations.

Compliance Requirements

  • Trading members must note the listing of new securities effective from January 13, 2026
  • Lock-in restrictions must be enforced:
    • 3,619,713 shares (Dist. Nos. 870001-4489713) locked until July 14, 2027
    • 9,989,136 shares (Dist. Nos. 4489714-14478849) locked until July 14, 2026
  • Shares must be recognized as ranking pari-passu with existing equity shares

Important Dates

  • December 24, 2025: Date of allotment
  • January 13, 2026: Trading commencement date
  • July 14, 2026: Lock-in expiry for 9,989,136 shares
  • July 14, 2027: Lock-in expiry for 3,619,713 shares

Impact Assessment

Market Impact: The preferential allotment of 13.6 million shares represents a significant equity dilution event that may impact stock price and trading volumes. The staggered lock-in periods (1 year and 2.5 years) provide some stability by preventing immediate selling pressure from allottees.

Shareholder Impact: Existing shareholders will experience dilution. The high premium (Rs. 759.16 over face value of Rs. 10) suggests confidence in the company’s valuation. The distinction between promoter and non-promoter allottees with different lock-in periods indicates strategic capital raising.

Trading Impact: The large volume of shares becoming tradable in phases (July 2026 and July 2027) may create future liquidity events that traders should monitor.

Impact Justification

Significant preferential allotment representing substantial equity dilution with staggered lock-in periods. Material event for existing shareholders due to volume of shares and promoter/non-promoter participation.