Description
BSE announces the listing of 1,34,40,000 equity shares of Kanishk Aluminium India Limited with varying lock-in periods.
Summary
BSE has listed 1,34,40,000 equity shares of Kanishk Aluminium India Limited. The listing comprises both locked-in securities and freely tradable shares from the IPO fresh issue. The locked-in securities are subject to different lock-in periods expiring in 2027, 2028, and 2029.
Key Points
- Total securities listed: 1,34,40,000 equity shares
- All securities are in demat form
- IPO fresh issue component: 40,00,000 shares (freely tradable)
- Locked-in securities: 94,40,000 shares with staggered release dates
- Securities are fully paid-up
- Listing effective from January 23, 2026
Security Details
Lock-in Tranches:
First Tranche: 33,76,016 shares
- Distinctive numbers: 1 to 3,376,016
- Lock-in period: January 23, 2026 to February 4, 2027
Second Tranche: 33,75,984 shares
- Distinctive numbers: 3,376,017 to 6,752,000
- Lock-in period: January 23, 2026 to February 4, 2028
Third Tranche: 26,88,000 shares
- Distinctive numbers: 6,752,001 to 9,440,000
- Lock-in period: January 23, 2026 to February 4, 2029
IPO Fresh Issue: 40,00,000 shares
- Distinctive numbers: 9,440,001 to 13,440,000
- Status: Freely tradable (no lock-in)
Important Dates
- Listing Date: January 23, 2026
- First Lock-in Expiry: February 4, 2027
- Second Lock-in Expiry: February 4, 2028
- Third Lock-in Expiry: February 4, 2029
Impact Assessment
The listing adds Kanishk Aluminium India Limited to BSE’s equity segment. The staggered lock-in structure ensures gradual release of promoter holdings over three years, which may help maintain price stability. Approximately 29.76% of total issued shares are immediately available for trading from the IPO fresh issue, while the remaining 70.24% will unlock progressively over the next three years.
Impact Justification
New company listing with IPO fresh issue component and staggered lock-in periods for promoter holdings