Description

BSE announces the listing of 1,34,40,000 equity shares of Kanishk Aluminium India Limited with varying lock-in periods and 40 lakh shares from fresh IPO issue.

Summary

BSE has listed 1,34,40,000 equity shares of KANISHK ALUMINIUM INDIA LIMITED. The listing includes securities with multiple lock-in periods ranging from 1 to 3 years, plus 40,00,000 freely tradeable shares from the fresh IPO issue. All securities are in demat form.

Key Points

  • Total shares listed: 1,34,40,000 equity shares
  • 33,76,016 shares locked-in until February 4, 2027 (distinctive numbers 1 to 3,376,016)
  • 33,75,984 shares locked-in until February 4, 2028 (distinctive numbers 3,376,017 to 6,752,000)
  • 26,88,000 shares locked-in until February 4, 2029 (distinctive numbers 6,752,001 to 9,440,000)
  • 40,00,000 shares from fresh IPO issue with no lock-in (distinctive numbers 9,440,001 to 13,440,000)
  • All securities are fully paid and in demat form
  • Lock-in period starts from January 23, 2026

Regulatory Changes

No regulatory changes. This is a standard new listing notification.

Compliance Requirements

  • Trading members and investors must note the lock-in restrictions on 94,40,000 shares (approximately 70.2% of total issue)
  • Locked-in shares cannot be traded until their respective lock-in expiry dates
  • Only 40,00,000 shares (29.8% of issue) are immediately available for trading

Important Dates

  • Listing Date: February 3, 2026
  • Lock-in Start Date: January 23, 2026
  • First Lock-in Expiry: February 4, 2027 (33.76 lakh shares)
  • Second Lock-in Expiry: February 4, 2028 (33.76 lakh shares)
  • Third Lock-in Expiry: February 4, 2029 (26.88 lakh shares)

Impact Assessment

Market Impact: Medium. The staggered lock-in structure means only 29.8% of shares are immediately tradeable, which may lead to higher price volatility due to limited float. Liquidity will improve gradually as locked-in tranches are released over the three-year period.

Operational Impact: Low. Standard listing procedure with clear lock-in specifications that trading systems can easily accommodate.

Investor Impact: Medium. Investors should be aware that majority of shares are locked-in, affecting available supply and potentially price discovery in the initial trading period.

Impact Justification

New equity listing with significant IPO component and staggered lock-in periods affecting market liquidity over multiple years