Description
11.25 crore equity shares of SpiceJet Limited listed on BSE with effect from February 10, 2026, issued on preferential basis pursuant to conversion of loan.
Summary
BSE has listed 11,25,06,725 new equity shares of SpiceJet Limited (Scrip Code: 500285) with effect from February 10, 2026. These shares were issued at Rs. 42.32 per share (face value Rs. 10 plus premium of Rs. 32.32) to non-promoters on a preferential basis pursuant to conversion of loan. All shares are subject to lock-in until August 9, 2026.
Key Points
- Number of shares listed: 11,25,06,725 equity shares
- Face value: Rs. 10 per share
- Issue price: Rs. 42.32 per share (including premium of Rs. 32.32)
- Allotted to: Non-promoters on preferential basis
- Purpose: Conversion of loan
- Distinctive numbers: 1413592768 to 1526099492
- ISIN: INE285B01017
- Ranking: Pari-passu with existing equity shares
- Trading commences: February 10, 2026
Regulatory Changes
No regulatory changes. This is a standard listing notification for new securities.
Compliance Requirements
Trading members must note the listing of these new securities and ensure proper settlement for trades executed from February 10, 2026 onwards.
Important Dates
- Date of Allotment: November 18, 2025
- Trading Commencement: February 10, 2026
- Lock-in Period Ends: August 9, 2026
Impact Assessment
The issuance represents a significant dilution event for SpiceJet Limited, adding 11.25 crore shares to the existing equity base. The preferential allotment to non-promoters for loan conversion suggests debt restructuring activity. The lock-in period until August 9, 2026 prevents immediate selling pressure from these shares. Market impact is moderate as this increases the float and may affect share price dynamics once the lock-in expires.
Impact Justification
Significant equity dilution through preferential allotment of 11.25 crore shares, but limited to SpiceJet shareholders. Lock-in period applies until August 2026.