Listing of New Securities of iStreet Network Limited (Scrip Code 524622)

Description

BSE informs trading members that 4,51,66,668 new equity shares of iStreet Network Limited are listed and permitted to trade from April 29, 2026, issued on a preferential basis at Rs. 6/- per share.

Summary

BSE has listed 4,51,66,668 new equity shares of iStreet Network Limited (Scrip Code: 524622) effective April 29, 2026. These shares, issued at Rs. 6/- per share (face value Rs. 4/- with a premium of Rs. 2/-), were allotted on a preferential basis to promoters and non-promoters across three allotment dates in late 2025.

Key Points

• Total new shares listed: 4,51,66,668 equity shares
• Issue price: Rs. 6/- per share (Rs. 4/- face value + Rs. 2/- premium)
• ISIN: INE532B01020
• Scrip Code: 524622
• Trading commencement: Wednesday, April 29, 2026
• Shares rank pari-passu with existing equity shares
• Lock-in details applicable as per annexure

Regulatory Changes

No new regulatory changes. This is a standard listing notice under BSE’s Listing Operations framework for newly allotted securities.

Compliance Requirements

• Trading members are informed to note the new securities available for trading from April 29, 2026
• Lock-in restrictions apply to specified shares as per the attached annexure; trading members must ensure compliance with lock-in periods

Important Dates

Impact Assessment

The listing of approximately 4.52 crore new equity shares on a preferential basis represents a significant capital raise for iStreet Network Limited. Existing shareholders face equity dilution. The shares are allotted at Rs. 6/-, which provides context for market pricing. Lock-in restrictions on a portion of these shares (as per annexure) will limit near-term selling pressure from allottees. Overall market impact is moderate and company-specific.

Impact Justification

Routine listing of preferentially allotted equity shares; affects existing shareholders via dilution but limited broader market impact.