Description

BSE lists 28,72,340 new equity shares of Jupiter Wagons Limited (Scrip Code 533272) effective February 26, 2026, issued to Promoters on a preferential basis via warrant conversion at Rs. 470 per share.

Summary

BSE has notified trading members that 28,72,340 new equity shares of Jupiter Wagons Limited (Scrip Code: 533272) are listed and permitted to trade on the Exchange with effect from Thursday, February 26, 2026. These shares were issued to Promoters on a preferential basis pursuant to the conversion of warrants, at an issue price of Rs. 470 per share (face value Rs. 10 + premium Rs. 460).

Key Points

  • Company: Jupiter Wagons Limited (Scrip Code: 533272, ISIN: INE209L01016)
  • Number of Shares: 28,72,340 equity shares
  • Face Value: Rs. 10/- each
  • Issue Price: Rs. 470/- per share (at a premium of Rs. 460/-)
  • Allottee: Promoters (preferential basis via warrant conversion)
  • Distribution Numbers: 465164885 to 468037224
  • Date of Allotment: December 19, 2025
  • Trading Effective From: February 26, 2026
  • Pari-passu: New shares rank pari-passu with existing equity shares

Regulatory Changes

No new regulatory changes. This is a standard listing notification under BSE’s listing obligations for newly allotted securities following preferential warrant conversion.

Compliance Requirements

  • Trading members are informed to permit trading of the new securities from February 26, 2026 onwards.
  • All 28,72,340 shares are subject to a lock-in and cannot be traded by the promoter allottees until the lock-in period expires.

Important Dates

  • Date of Allotment: December 19, 2025
  • Trading Effective From: February 26, 2026
  • Lock-in Expiry: September 2, 2027 (for all 28,72,340 shares, Dist. Nos. 465164885–468037224)

Impact Assessment

The listing adds approximately 28.72 lakh shares to Jupiter Wagons Limited’s tradeable equity base. However, since the entire allotment is locked in until September 2, 2027, there is no immediate increase in free-float or selling pressure from promoters. The preferential allotment at Rs. 470/- per share reflects the conversion price of the warrants previously issued to promoters, which may be compared against the current market price to assess dilution impact. Overall market impact is moderate and routine.

Impact Justification

Routine preferential allotment listing to promoters via warrant conversion. Lock-in until September 2027 limits near-term dilution impact, but adds ~28.7 lakh shares to the equity base.