Description
BSE lists 26,786,550 new equity shares of INOX Green Energy Services Limited (Scrip Code 543667) for trading effective March 12, 2026, issued via preferential allotment on conversion of warrants at Rs. 145 per share.
Summary
BSE has listed 26,786,550 new equity shares of INOX GREEN ENERGY SERVICES LIMITED (Scrip Code: 543667, ISIN: INE510W01014) for trading effective Thursday, March 12, 2026. The shares were issued at a premium of Rs. 135/- (face value Rs. 10/-) totalling an issue price of Rs. 145/- per share, allotted to Promoters and Non-Promoters on a preferential basis pursuant to conversion of warrants.
Key Points
- Total new shares listed: 26,786,550 equity shares of Rs. 10/- each
- Issue price: Rs. 145.00/- per share (Rs. 10 face value + Rs. 135 premium)
- Effective trading date: Thursday, March 12, 2026
- ISIN: INE510W01014
- Distribution numbers: 374705496 to 401492045
- Shares rank pari-passu with existing equity shares of the company
- Two tranches allotted with different lock-in periods
Regulatory Changes
No new regulatory changes. This is a standard listing notification pursuant to a preferential allotment under conversion of warrants as per existing SEBI regulations.
Compliance Requirements
- Trading members are informed to note the listing of these new securities from March 12, 2026
- Lock-in restrictions must be observed per allotment tranche details below
- Shares in the lock-in period cannot be traded until the respective lock-in expiry dates
Important Dates
| Date of Allotment | No. of Shares | Distribution Nos. | Lock-in Upto |
|---|---|---|---|
| 23/01/2026 | 68,96,550 | 374705496 – 381602045 | 14/09/2026 |
| 28/01/2026 | 1,98,90,000 | 381602046 – 401492045 | 14/09/2027 |
- Trading commencement: March 12, 2026
- Lock-in expiry (Tranche 1): September 14, 2026
- Lock-in expiry (Tranche 2): September 14, 2027
Impact Assessment
The listing adds approximately 2.68 crore new shares to the tradable float of INOX Green Energy Services Limited, representing potential dilution for existing shareholders. However, the majority of shares (1,98,90,000 shares in Tranche 2) are locked in until September 2027, limiting immediate selling pressure. The smaller tranche (68,96,550 shares) has a shorter lock-in until September 2026. The issue price of Rs. 145 serves as a reference point for market participants assessing valuation. Overall market impact is moderate and localized to INOX Green Energy shareholders and traders.
Impact Justification
Routine listing of new shares from preferential allotment via warrant conversion; introduces dilution and lock-in periods relevant to existing shareholders and traders.