Description
BSE lists 47,11,21,055 new equity shares of Shriram Finance Limited (Scrip Code 511218) issued on preferential basis to non-promoters at Rs. 840.93 per share, effective April 13, 2026, with a lock-in period until October 13, 2026.
Summary
BSE has listed 47,11,21,055 (approximately 471.1 million) new equity shares of Shriram Finance Limited (Scrip Code: 511218, ISIN: INE721A01047) effective Monday, April 13, 2026. These shares were issued on a preferential basis to non-promoters at an issue price of Rs. 840.93 per share (face value Rs. 2/- with a premium of Rs. 838.93/-). The newly listed shares carry a lock-in restriction until October 13, 2026.
Key Points
- Quantity: 47,11,21,055 equity shares (face value Rs. 2/- each)
- Issue Price: Rs. 840.93/- per share (including premium of Rs. 838.93/-)
- Allotment Type: Preferential basis to non-promoters
- Date of Allotment: April 8, 2026
- Trading Effective From: Monday, April 13, 2026
- ISIN: INE721A01047
- Distribution Numbers: 1881565372 to 2352686426
- Pari-passu: New shares rank equally with existing equity shares
- Lock-in: All 47,11,21,055 shares locked in until October 13, 2026
Regulatory Changes
No new regulatory changes introduced. This is a standard listing notice under BSE’s Listing Operations department for newly allotted equity securities.
Compliance Requirements
- Trading members are informed that these securities are now listed and permitted to trade on BSE from April 13, 2026
- Lock-in restriction applies to all newly issued shares until October 13, 2026; trading in locked-in shares is restricted during this period
- The shares carry the same rights and obligations as existing equity shares of the company (pari-passu status)
Important Dates
| Event | Date |
|---|---|
| Date of Allotment | April 8, 2026 |
| Circular Date | April 10, 2026 |
| Trading Commencement | April 13, 2026 (Monday) |
| Lock-in Expiry | October 13, 2026 |
Impact Assessment
The listing of ~471 million new equity shares of Shriram Finance Limited represents a substantial preferential allotment to non-promoter investors. While the volume is significant relative to the existing share base, the mandatory lock-in period until October 13, 2026 means these shares will not be available for trading in the near term, limiting any immediate dilutive pressure on the stock price. Market participants should note the potential supply increase once the lock-in expires in October 2026. Existing shareholders will experience dilution in their proportional holdings. Shriram Finance is a major NBFC, so this preferential allotment may signal capital raising for business expansion or regulatory capital requirements.
Impact Justification
Routine preferential allotment listing for a large-cap NBFC; significant share volume (~471 million shares) but locked in until October 2026, limiting immediate float impact.