Description

SpiceJet Limited has listed 11.25 crore equity shares issued on preferential basis pursuant to conversion of loan, with lock-in until August 9, 2026.

Summary

BSE has announced the listing of 11,25,06,725 equity shares of SpiceJet Limited (Scrip Code: 500285) with effect from February 10, 2026. These shares were issued on a preferential basis to non-promoters pursuant to conversion of loan. The shares are issued at Rs. 42.32 per share (face value Rs. 10 plus premium of Rs. 32.32) and are subject to lock-in until August 9, 2026.

Key Points

  • Total shares listed: 11,25,06,725 equity shares of Rs. 10/- each
  • Issued to non-promoters on preferential basis pursuant to loan conversion
  • Issue price: Rs. 42.32 per share (Rs. 10 face value + Rs. 32.32 premium)
  • Distinctive numbers: 1413592768 to 1526099492
  • Date of allotment: November 18, 2025
  • ISIN: INE285B01017
  • Shares rank pari-passu with existing equity shares
  • All shares are subject to lock-in until August 9, 2026

Regulatory Changes

No regulatory changes introduced through this circular.

Compliance Requirements

  • Trading members must note the listing of these new securities
  • Lock-in restrictions must be observed until August 9, 2026
  • All 11.25 crore shares cannot be transferred or traded until the lock-in period expires

Important Dates

  • Allotment Date: November 18, 2025
  • Trading Commencement: February 10, 2026
  • Lock-in Expiry: August 9, 2026

Impact Assessment

Market Impact: Medium - The preferential allotment represents a significant equity dilution for SpiceJet Limited. The issuance of 11.25 crore shares will impact the company’s shareholding pattern and potentially affect earnings per share calculations.

Investor Impact: The shares issued to non-promoters through loan conversion indicate debt restructuring activity. The lock-in period of approximately 6 months from trading commencement provides some stability to the stock price, preventing immediate sale by allottees.

Operational Impact: The conversion of loan to equity improves SpiceJet’s debt-equity ratio and reduces interest burden, which may positively impact financial health. However, existing shareholders face dilution of their ownership stake.

Impact Justification

Significant equity dilution of 11.25 crore shares through preferential allotment to non-promoters; shares under lock-in until August 2026; material impact on shareholding pattern