Description

NSE notifies the listing of further issues of equity shares for 14 companies including Adani Green Energy (warrant conversion), Axis Bank, CG Power, and others, effective November 10, 2025.

Summary

NSE has notified the listing of further issues of securities for 14 companies on the Capital Market segment, effective November 10, 2025. The circular covers various types of equity share allotments including warrant conversions on preferential basis (Adani Green Energy - 5.5 million shares at Rs 1480.75, DJ Mediaprint - 334,581 shares at Rs 114) and ESOP allotments across multiple companies including Axis Bank (153,657 shares), CG Power (11,000 shares), and Brainbees Solutions/FirstCry (22,937 shares). All securities will trade with a market lot of 1 share.

Key Points

  • 14 companies listed for further equity share issuances on NSE Capital Market segment
  • Effective date: November 10, 2025
  • Adani Green Energy: Largest issue with 5,527,802 equity shares from warrant conversion at Rs 1480.75 per share
  • DJ Mediaprint: 334,581 shares from warrant conversion at Rs 114 per share
  • Multiple ESOP allotments: Axis Bank (153,657 shares), CG Power (11,000 shares), FirstCry (22,937 shares)
  • All securities will have market lot size of 1 share
  • All securities will rank pari passu with existing shares
  • Lock-in periods vary: warrant conversions have lock-ins (Adani Green till May 14, 2027; DJ Mediaprint till May 15, 2026), while ESOP allotments have no lock-in

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification pursuant to Regulation 3.1.1 and Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A.

Compliance Requirements

  • Trading members must note the new ISIN codes and distinctive number ranges for the listed securities
  • Securities will be identified by designated codes on the trading system
  • Trading must be conducted in specified lot sizes (1 share for all listed securities)
  • Members must observe applicable lock-in restrictions for warrant conversion shares

Important Dates

  • Circular Date: November 7, 2025
  • Effective Date: November 10, 2025
  • Allotment Dates (various):
    • Adani Green Energy: May 27, 2025
    • DJ Mediaprint: May 2, 2025
    • FirstCry: October 14, 2025
    • Axis Bank: November 4, 2025
    • CG Power: November 5, 2025
  • Lock-in Expiry Dates:
    • Adani Green Energy: May 14, 2027
    • DJ Mediaprint: May 15, 2026
    • ESOP allotments: Not Applicable

Impact Assessment

Market Impact: Medium - The listing of 5.5 million Adani Green Energy shares from warrant conversion represents significant additional supply, though the lock-in until May 2027 limits immediate trading impact. The issue price of Rs 1480.75 provides a reference point for market participants.

Liquidity Impact: Low to Medium - ESOP allotments across companies like Axis Bank and CG Power are relatively small and will have minimal impact on overall liquidity. All securities trading with lot size of 1 enhances retail accessibility.

Dilution Impact: Company-specific - Shareholders should assess dilution based on individual company capitalization. Adani Green Energy’s 5.5 million share addition is the most material among the listed issuances.

Operational Impact: Low - Routine listing process with standard compliance requirements for trading members. No changes to trading systems or processes required beyond updating security master data.

Impact Justification

Routine listing of further issues across multiple companies. Notable for Adani Green Energy's large warrant conversion of 5.5 million shares at Rs 1480.75, which will increase market supply. Other issues are primarily ESOP allotments with minimal market impact.