Description

NSE lists further equity shares for 10 companies effective October 09, 2025, including shares from warrant conversions, ESOP allotments, with various lock-in periods.

Summary

NSE has listed further equity shares of 10 companies effective October 09, 2025. The issuances include shares from warrant conversions on preferential basis and ESOP allotments. Notable listings include 5.46 million shares of Adani Green Energy Limited at issue price of Rs. 1,480.75 (lock-in until April 09, 2027) and 5.38 million shares of Embassy Developments Limited at Rs. 111.51 (lock-in until April 08, 2027). ICICI Bank allotted 519,475 shares and ICICI Prudential Life Insurance allotted 15,161 shares under ESOP with no lock-in.

Key Points

  • Effective date: October 09, 2025
  • 10 companies listing further equity shares
  • Adani Green Energy: 5,455,584 shares from warrant conversion at Rs. 1,480.75, lock-in until April 09, 2027
  • Embassy Developments: 5,380,500 shares from warrant conversion at Rs. 111.51, lock-in until April 08, 2027
  • ICICI Bank: 519,475 shares under ESOP (allotment: October 06, 2025), no lock-in
  • ICICI Prudential Life Insurance: 15,161 shares under ESOP (allotment: October 07, 2025), no lock-in
  • Arvind Fashions: 3,000 shares under ESOP (allotment: September 04, 2025), no lock-in
  • All securities pari passu with existing shares
  • Market lot size: 1 for all listed securities

Regulatory Changes

No regulatory changes. This is a routine listing notification under Regulation 3.1.1 and 2.5.5 of NSE Capital Market Trading Regulations Part A.

Compliance Requirements

  • Trading members must use designated security codes for trading
  • Trading must be conducted in specified lot sizes (market lot: 1)
  • Lock-in restrictions apply to preferential allotment shares until specified dates
  • Securities identified by ISIN codes on trading system

Important Dates

  • Circular date: October 08, 2025
  • Effective date for listing: October 09, 2025
  • Adani Green Energy allotment date: May 16, 2025 (lock-in until April 09, 2027)
  • Embassy Developments allotment date: August 20, 2025 (lock-in until April 08, 2027)
  • Arvind Fashions allotment date: September 04, 2025
  • ICICI Bank allotment date: October 06, 2025
  • ICICI Prudential Life allotment date: October 07, 2025

Impact Assessment

Market Impact: Medium - The listing increases the float for these companies, particularly significant for Adani Green Energy (5.46 million shares) and Embassy Developments (5.38 million shares). However, lock-in periods on preferential shares limit immediate tradable supply.

Liquidity Impact: ESOP allotments for ICICI Bank, ICICI Prudential, and Arvind Fashions add to tradable float immediately as they have no lock-in restrictions.

Dilution Impact: Varies by company; warrant conversions increase paid-up capital and may have minor dilutive effect on existing shareholders.

Operational Impact: Minimal - routine administrative listing process for members and clearing systems.

Impact Justification

Routine listing of additional shares from multiple companies through warrant conversions and ESOP schemes; increases share capital but has limited immediate market impact