Description

Biocon Ltd. has listed 112,664,585 new equity shares on BSE following a Qualified Institutional Placement at Rs. 368.35 per share, effective January 20, 2026.

Summary

Biocon Ltd. (Scrip Code: 532523, ISIN: INE376G01013) has listed 112,664,585 new equity shares of Rs. 5 each on BSE following a Qualified Institutional Placement (QIP) to Qualified Institutional Buyers. The shares are admitted for trading with effect from January 20, 2026, and rank pari-passu with existing equity shares.

Key Points

  • 112,664,585 new equity shares of Rs. 5 each allotted to QIBs through QIP
  • Issue price: Rs. 368.35 per share
  • Allotment date: January 14, 2026
  • Trading commencement date: January 20, 2026
  • Distinguished numbers: 1508243189 to 1620907773
  • New shares rank pari-passu with existing equity shares
  • Total fundraise: Approximately Rs. 41,498 crore

Regulatory Changes

No regulatory changes. This is a standard listing notification following SEBI QIP regulations.

Compliance Requirements

  • Trading members are informed of the new securities listing
  • Members requiring clarification should contact Karan Shah (Tel: 9833307464)
  • Standard trading and settlement procedures apply to the new shares

Important Dates

  • January 14, 2026: Date of allotment
  • January 19, 2026: Notice date
  • January 20, 2026: Trading commencement date (Tuesday)

Impact Assessment

Market Impact: The QIP adds approximately 112.66 million shares to Biocon’s outstanding equity, representing a significant dilution event. The issue price of Rs. 368.35 reflects institutional investor appetite and confidence in the company.

Operational Impact: Minimal operational impact on trading members. The new shares will trade alongside existing shares with identical rights and privileges (pari-passu status).

Liquidity Impact: Medium positive impact expected as the substantial share count increase will enhance free float and potentially improve liquidity in Biocon stock.

Impact Justification

Significant dilution event with 112.66 million shares adding to free float through QIP. Medium impact due to substantial share count increase though QIP pricing suggests institutional confidence.