Listing of Further Issues of Securities - 13 Companies

Description

NSE notification for listing of further equity shares issued by 13 companies including HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Wipro, Hero MotoCorp and others under ESOP and preferential allotment schemes, effective November 20, 2025.

Summary

NSE has notified the listing of further equity shares issued by 13 companies on the Capital Market segment, effective November 20, 2025. The securities have been admitted to dealings under NSE Capital Market Trading Regulations Part A, Regulation 3.1.1. The companies include major banks (HDFC Bank, ICICI Bank, Kotak Mahindra Bank), technology firms (Wipro, Cyient, DRC Systems, Prime Focus), and others. Most shares are issued under Employee Stock Option Plans (ESOP) with some under preferential allotment.

Key Points

• Effective Date: November 20, 2025
• Number of Companies: 13 companies with further equity issues
• Market Lot Size: 1 share for all listed securities
• Issue Types: ESOP allotments and preferential issues
• Pari Passu Status: All new shares rank pari passu with existing equity shares
• Major Issuers:
  • HDFC Bank: 3,084,680 shares under ESOP
  • Autoline Industries: 2,200,000 shares under preferential (issue price Rs. 102.5)
  • DRC Systems: 10,000,000 shares under preferential (issue price Rs. 25)
  • Hero MotoCorp: 13,752 shares under ESOP
  • Cyient: 3,182 shares under ESOP

Regulatory Changes

No regulatory changes. This is a standard listing notification under existing NSE Capital Market Trading Regulations Part A (Regulation 3.1.1 for securities admission and Regulation 2.5.5 for lot sizes).

Compliance Requirements

• Trading Members: Must use designated security codes (ISINs) for trading these securities on the NSE system
• Lot Size Compliance: Trading must be conducted in the specified market lot size of 1 share
• Lock-in Adherence:
  • Autoline Industries: Lock-in until July 31, 2027
  • DRC Systems: Lock-in until May 23, 2026
  • ESOP allotments: No lock-in applicable (HDFC Bank, Hero MotoCorp, ICICI Bank, Cyient)

Important Dates

• Circular Issue Date: November 19, 2025
• Listing Effective Date: November 20, 2025
• Allotment Dates (varies by company):
  • HDFC Bank: November 14, 2025
  • Hero MotoCorp: November 12, 2025
  • Cyient: November 10, 2025
  • DRC Systems: October 28, 2025
  • Autoline Industries: June 27, 2025
• Lock-in Expiry Dates:
  • Autoline Industries: July 31, 2027
  • DRC Systems: May 23, 2026

Impact Assessment

Market Impact: Minimal. This is a routine administrative listing notification for further issues across multiple companies. The share quantities represent small dilutions relative to the total outstanding shares of large-cap companies like HDFC Bank, ICICI Bank, and Wipro.

Dilution: For major banks and established companies, the ESOP allotments represent fractional dilution (typically less than 0.01% of outstanding equity). Preferential issues in smaller companies like Autoline Industries and DRC Systems may have more noticeable but still moderate dilution effects.

Trading Impact: The market lot size of 1 share ensures easy accessibility for retail investors. No significant price impact expected as these are anticipated corporate actions already factored into market expectations.

Investor Consideration: ESOP allotments indicate employee compensation practices. Lock-in periods for preferential shares provide stability assurance for those specific tranches.

Impact Justification

Routine administrative notification for listing of further equity shares issued under ESOP and preferential schemes. Represents minor dilution across multiple companies with no significant market impact expected.