Description
NSE announces listing of 817,600 equity shares of Le Merite Exports Limited from warrant conversion, effective August 21, 2025.
Summary
NSE has approved the listing of 817,600 equity shares of Le Merite Exports Limited (Symbol: LEMERITE) on the SME EMERGE platform. These shares result from the conversion of warrants allotted on preferential basis and will commence trading on August 21, 2025.
Key Points
- 817,600 equity shares of Rs. 10/- each to be listed
- Issue price: Rs. 146.5 per share
- Trading symbol: LEMERITE
- Market lot size: 400 shares
- ISIN: INE0G1L01017
- Securities are pari passu with existing shares
Regulatory Changes
No regulatory changes introduced. Standard listing procedure under existing NSE Capital Market Trading Regulations.
Compliance Requirements
- Securities identified by designated codes only
- Trading must be in specified lot sizes of 400 shares
- Lock-in restrictions apply as per Annexure A
Important Dates
- Effective Date: August 21, 2025
- Allotment Date: March 18, 2025
- Lock-in Expiry: February 28, 2026 (for all tranches)
Impact Assessment
Minimal market impact expected as this is a routine listing of a relatively small number of shares from warrant conversion. The securities carry lock-in restrictions until February 2026, limiting immediate trading volume.
Impact Justification
Standard listing notification for small number of shares from warrant conversion with limited market impact