Description
BSE circular announcing the listing of equity shares of Elfin Agro India Limited pursuant to its Initial Public Offer, with details of share allotment, distinctive numbers, and lock-in periods.
Summary
BSE has announced the listing of equity shares of Elfin Agro India Limited pursuant to its Initial Public Offer (IPO). A total of 19,425,000 fully paid-up equity shares have been allotted and are listed in demat form, with varying lock-in periods applicable to different tranches. The shares were listed effective 06 March 2026.
Key Points
- Total post-IPO shares: 19,425,000 fully paid-up equity shares, all in demat form
- All shares are in demat form; distinctive numbers are for presentation purposes only
- Three tranches are subject to lock-in restrictions; one tranche is free of IPO lock-in
- Lock-in commencement date for all restricted tranches: 06 March 2026
- IPO listing date: 06 March 2026
Regulatory Changes
No new regulatory changes introduced. This circular is a standard post-IPO listing notification conforming to SEBI guidelines on lock-in requirements for IPO share allotments.
Compliance Requirements
- Shares under lock-in cannot be traded until the respective lock-in expiry dates
- All shares are held in demat form; physical transfers are not applicable
- Market participants and depository participants must observe the lock-in restrictions as specified
Important Dates
| Tranche | No. of Shares | Lock-in From | Lock-in Upto |
|---|---|---|---|
| 5,107,497 shares (Distinctive 1–5,107,497) | 5,107,497 | 06 March 2026 | 18 March 2027 |
| 5,107,503 shares (Distinctive 5,107,498–10,215,000) | 5,107,503 | 06 March 2026 | 18 March 2028 |
| 3,885,000 shares (Distinctive 10,215,001–14,100,000) | 3,885,000 | 06 March 2026 | 18 March 2029 |
| 5,325,000 shares (Distinctive 14,100,001–19,425,000) | 5,325,000 | Free of IPO lock-in | — |
- Listing/Allotment date: 06 March 2026
- Lock-in expiry dates: 18 March 2027, 18 March 2028, and 18 March 2029 for respective tranches
Impact Assessment
This is a standard listing circular with moderate market impact. The listing of Elfin Agro India Limited adds a new equity to BSE. Approximately 5,325,000 shares (~27.4% of total) are free of lock-in and immediately tradeable, while the remaining ~14,100,000 shares (~72.6%) are subject to lock-in for periods ranging from one to three years. Investors and traders should note that free-float at listing is limited, which may affect liquidity and price discovery in the near term.
Impact Justification
Routine IPO listing circular for a new company; relevant to investors participating in the Elfin Agro India Limited IPO and those tracking new listings on BSE.