Description
NSE announces listing of 16,229,862 additional equity shares of Dilip Buildcon Limited from warrant conversion, effective August 20, 2025.
Summary
NSE has approved the listing of 16,229,862 additional equity shares of Dilip Buildcon Limited (DBL) resulting from conversion of warrants issued on preferential basis. The shares will be available for trading from August 20, 2025, with a lock-in period until February 23, 2026.
Key Points
- 16,229,862 new equity shares of Rs. 10 face value each
- Shares allotted pursuant to conversion of preferential warrants
- Issue price: Rs. 328.05 per share
- Allotment date: June 13, 2025
- Trading symbol: DBL (ISIN: INE917M01012)
- Market lot size: 1 share
Regulatory Changes
Shares initially credited under temporary ISIN as per SEBI circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012 for additional share issues in dematerialized mode.
Compliance Requirements
- Trading permitted only using designated security codes
- Shares subject to lock-in restrictions until February 23, 2026
- Trading must comply with specified lot sizes
Important Dates
- Circular effective date: August 20, 2025
- Trading commencement: August 20, 2025
- Allotment date: June 13, 2025
- Lock-in expiry: February 23, 2026
Impact Assessment
Significant equity dilution with over 16 million new shares entering the market. The substantial lock-in period until February 2026 provides temporary supply constraint, but investors should consider the future impact when these shares become freely tradeable.
Impact Justification
Significant equity dilution through warrant conversion with substantial share count increase