Description
NSE announces listing of equity shares allotted under ESOP and preferential issue by 14 companies including IDFC First Bank, Eicher Motors, Tech Mahindra and others, effective November 19, 2025.
Summary
National Stock Exchange of India has announced the listing of further issues of equity shares for 14 companies on the Capital Market segment, effective November 19, 2025. The securities include equity shares allotted under Employee Stock Option Plans (ESOP) by 13 companies and a large preferential issue by IDFC First Bank Limited.
Key Points
- Allied Digital Services Limited (ADSL): 86,325 equity shares of Rs. 5/- each allotted under ESOP on November 7, 2025
- Arvind Fashions Limited (ARVINDFASN): 55,000 equity shares of Rs. 4/- each allotted under ESOP on November 7, 2025
- Eicher Motors Limited (EICHERMOT): 21,247 equity shares of Re. 1/- each allotted under ESOP on November 13, 2025
- Equitas Small Finance Bank Limited (EQUITASBNK): 80,300 equity shares of Rs. 10/- each allotted under ESOP on November 4, 2025
- IDFC First Bank Limited (IDFCFIRSTB): 812,694,722 equity shares of Rs. 10/- each issued under Preferential allotment on October 8, 2025 at issue price of Rs. 60/-, with lock-in until July 31, 2026
- IndoStar Capital Finance Limited (INDOSTAR): Listed (details incomplete in provided content)
- Additional companies: Orient Bell Limited, One 97 Communications Limited (Paytm), Rama Steel Tubes Limited, Ramco Systems Limited, Safari Industries (India) Limited, Tech Mahindra Limited, UTI Asset Management Company Limited, Venus Pipes & Tubes Limited
- Market lot size: 1 share for all listed securities
- All ESOP allotments are pari passu with existing shares and have no lock-in period
Regulatory Changes
No regulatory changes. This is a routine notification pursuant to Regulation 3.1.1 and 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A.
Compliance Requirements
- Trading members must use the designated security codes for trading these securities
- Trading shall be conducted in the specified lot sizes (market lot of 1 share)
- Securities will be identified only by their designated codes on the trading system
Important Dates
- Circular Date: November 18, 2025
- Effective Date for Listing: November 19, 2025
- IDFC First Bank Lock-in Expiry: July 31, 2026
- Various Allotment Dates: October 8, 2025 (IDFCFIRSTB), November 4, 2025 (EQUITASBNK), November 7, 2025 (ADSL, ARVINDFASN), November 13, 2025 (EICHERMOT)
Impact Assessment
Market Impact: Low to minimal. Most allotments are routine ESOP exercises with small quantities relative to existing share capital. The exception is IDFC First Bank’s preferential issue of 812.69 million shares, which is substantial but subject to lock-in until July 31, 2026, preventing immediate market impact.
Investor Impact: ESOP allotments increase total shares outstanding marginally for most companies. IDFC First Bank shareholders should note the significant dilution from the preferential issue, though locked-in shares will not affect immediate trading liquidity.
Trading Impact: All securities will be available for trading from November 19, 2025, in standard market lots of 1 share, maintaining existing trading mechanisms.
Impact Justification
Routine listing of further securities allotted under ESOP and preferential issue. Limited market impact as these are relatively small allotments compared to existing share capital.