Description

BSE announces the listing of 3,100,800 equity shares of Narmadesh Brass Industries Limited with various lock-in periods ranging from 1 to 3 years.

Summary

BSE has listed 3,100,800 fully paid equity shares of Narmadesh Brass Industries Limited in dematerialized form. The shares are subject to varying lock-in periods, with portions locked for 1 year, 2 years, and 3 years from January 21, 2026.

Key Points

  • Total securities listed: 3,100,800 fully paid equity shares
  • All shares are in dematerialized form
  • Lock-in arrangements apply to different tranches with varying durations
  • Some shares designated as “Free OFS Shares” and “Free IPO Shares”
  • Lock-in periods commence from January 21, 2026

Lock-in Details

1-Year Lock-in (Until January 22, 2027)

  • 599,000 shares (DN: 1 to 599,000)
  • 595,000 shares (DN: 599,001 to 1,194,000)
  • 410,000 shares (DN: 1,194,001 to 1,604,000)
  • 205,800 shares (DN: 1,604,001 to 1,809,800)
  • 199,800 shares (DN: 1,809,801 to 2,009,600)
  • 220,000 shares (DN: 2,009,601 to 2,229,600)

2-Year Lock-in (Until January 22, 2028)

  • 700,800 shares (DN: 2,229,601 to 2,930,400)

3-Year Lock-in (Until January 22, 2029)

  • 170,400 shares (DN: 2,930,401 to 3,100,800)

Important Dates

  • Lock-in Start Date: January 21, 2026
  • 1-Year Lock-in Expiry: January 22, 2027 (2,229,600 shares)
  • 2-Year Lock-in Expiry: January 22, 2028 (700,800 shares)
  • 3-Year Lock-in Expiry: January 22, 2029 (170,400 shares)

Impact Assessment

This is a standard listing announcement with minimal market impact. The lock-in provisions ensure that a significant portion of shares (approximately 72%) will remain restricted for at least one year, with smaller portions locked for longer periods. This provides stability to the stock’s float during the initial trading period.

Impact Justification

Routine listing notification for a single company with standard lock-in provisions; limited market-wide impact.