Description

BSE announces the listing of equity shares of Narmadesh Brass Industries Limited with lock-in details for 3,100,800 fully paid shares across various lock-in periods.

Summary

BSE has listed equity shares of Narmadesh Brass Industries Limited totaling 3,100,800 fully paid shares in demat form. The shares are subject to various lock-in periods ranging from one to three years, with some shares available as free OFS and free IPO shares.

Key Points

  • Total of 3,100,800 fully paid equity shares listed
  • All shares are in demat form
  • Lock-in periods commence from January 21, 2026
  • Multiple tranches with different lock-in expiry dates
  • Lock-in categories include 1-year, 2-year, and 3-year periods
  • Free OFS shares: 599,000 (lock-in until January 22, 2027)
  • Free IPO shares: 410,000 (lock-in until January 21, 2029)

Lock-in Structure

One-Year Lock-in (Expiry: January 22, 2027)

  • 599,000 shares (Distinctive Numbers: 1 to 599,000) - Free OFS Shares
  • 595,000 shares (Distinctive Numbers: 599,001 to 1,194,000)

Two-Year Lock-in (Expiry: January 22, 2028)

  • 410,000 shares (Distinctive Numbers: 1,194,001 to 1,604,000) - Free IPO Shares
  • 205,800 shares (Distinctive Numbers: 1,604,001 to 1,809,800)
  • 199,800 shares (Distinctive Numbers: 1,809,801 to 2,009,600)

Three-Year Lock-in (Expiry: January 21, 2029)

  • 220,000 shares (Distinctive Numbers: 2,009,601 to 2,229,600)
  • 700,800 shares (Distinctive Numbers: 2,229,601 to 2,930,400)
  • 170,400 shares (Distinctive Numbers: 2,930,401 to 3,100,800)

Compliance Requirements

  • Locked-in shares cannot be transferred or sold until respective lock-in expiry dates
  • All shares are maintained in demat form only
  • Shareholders must comply with lock-in restrictions as per listing regulations

Important Dates

  • Lock-in Commencement Date: January 21, 2026
  • First Lock-in Expiry: January 22, 2027 (1,194,000 shares)
  • Second Lock-in Expiry: January 22, 2028 (815,600 shares)
  • Final Lock-in Expiry: January 21, 2029 (1,091,200 shares)

Impact Assessment

This is a standard listing announcement with minimal market impact. The staggered lock-in structure prevents sudden supply of shares in the market and provides stability during the initial trading period. Investors should note that approximately 38.5% of listed shares will become freely tradable after one year, with the remaining shares becoming available over the subsequent two years.

Impact Justification

Routine listing announcement for a single company with standard lock-in provisions; affects only shareholders of Narmadesh Brass Industries Limited