Description

NSE approves listing of equity shares allotted under ESOP by 10 companies and bonus shares kept in abeyance by ICICI Bank, effective November 12, 2025.

Summary

NSE has approved the listing of further equity shares for 10 companies on the Capital Market segment, effective November 12, 2025. The listing includes equity shares allotted under Employee Stock Option Plans (ESOP) by Affle 3i Limited, Dr. Agarwal’s Health Care Limited, The Federal Bank Limited, ICICI Bank Limited, Lodha Developers Limited, Mahindra Lifespace Developers Limited, Vedant Fashions Limited, Newgen Software Technologies Limited, Texmaco Rail & Engineering Limited, and V-Guard Industries Limited. Additionally, ICICI Bank Limited is listing 175 bonus shares that were previously kept in abeyance.

Key Points

  • Affle 3i Limited (AFFLE): 15,000 equity shares of Rs. 2/- each allotted under ESOP on October 25, 2025
  • Dr. Agarwal’s Health Care Limited (AGARWALEYE): 12,523 equity shares of Re. 1/- each allotted under ESOP on October 30, 2025
  • The Federal Bank Limited (FEDERALBNK): 282,444 equity shares of Rs. 2/- each allotted under ESOP on November 9, 2025
  • ICICI Bank Limited (ICICIBANK): 25,701 equity shares of Rs. 2/- each allotted under ESOP on November 7, 2025
  • ICICI Bank Limited (ICICIBANK): 175 bonus equity shares of Rs. 2/- each (allotted June 24, 2017) previously kept in abeyance, now being listed
  • All securities are pari passu with existing shares
  • Market lot size is 1 for all securities
  • No lock-in restrictions applicable

Regulatory Changes

No regulatory changes introduced. This circular is issued in pursuance of existing regulations:

  • Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A - regarding admission of securities to dealings
  • Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A - regarding lot sizes

Compliance Requirements

  • Trading members should note the designated security codes and distinctive number ranges for the newly listed shares
  • Securities will be identified by designated codes in the trading system
  • Trading shall be conducted in the specified lot sizes (market lot of 1 for all securities)
  • All shares are listed on pari passu basis with existing equity shares

Important Dates

  • Circular Date: November 11, 2025
  • Effective Date: November 12, 2025
  • Allotment Dates:
    • Affle 3i Limited: October 25, 2025
    • Dr. Agarwal’s Health Care Limited: October 30, 2025
    • ICICI Bank (ESOP): November 7, 2025
    • The Federal Bank Limited: November 9, 2025
    • ICICI Bank (Bonus - abeyance): June 24, 2017 (original allotment)

Impact Assessment

Market Impact: Low - The additional shares represent routine ESOP allotments and a minor release of bonus shares from abeyance. The quantities are relatively small compared to the free float of these companies and will have negligible impact on share prices or trading volumes.

Operational Impact: Minimal - Standard listing procedure for further issues. Trading members need to update their systems with new distinctive number ranges, but no special operational changes required.

Investor Impact: Neutral - Minor dilution effect for existing shareholders. ESOP allotments are routine corporate actions. The ICICI Bank bonus shares from abeyance represent a very small quantity (175 shares) and will have no material impact.

Impact Justification

Routine listing of ESOP shares and minor bonus share abeyance release with minimal market impact