Description

NSE lists further equity shares for Angel One, Avantel, Choice International, HDB Financial Services, ICICI Bank, India Glycols, Indiqube Spaces, and Inox Green Energy Services effective January 6, 2026.

Summary

NSE has admitted further equity shares of eight companies to trading on the Capital Market segment effective January 6, 2026. The listings include shares issued under ESOP schemes and preferential allotments, with securities identified by designated codes and specific lot sizes for trading purposes.

Key Points

  • Angel One Limited: 16,140 equity shares under ESOP (Face Value Rs. 10)
  • Avantel Limited: 497,410 equity shares under ESOP (Face Value Rs. 2)
  • Choice International Limited: 3,333,333 equity shares from warrant conversion on preferential basis (Issue Price Rs. 300)
  • HDB Financial Services Limited: 190,957 equity shares under ESOP (Face Value Rs. 10)
  • ICICI Bank Limited: 158,926 equity shares under ESOP (Face Value Rs. 2)
  • India Glycols Limited: 5,103,765 equity shares on preferential basis (Issue Price Rs. 915)
  • All securities are pari passu with existing equity shares
  • Market lot size: 1 for all securities
  • Circular reference: NSE/CML/72161, Circular No. 0020/2026

Regulatory Changes

No regulatory changes introduced. This circular implements existing regulations under Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A for listing of further issues.

Compliance Requirements

  • Trading members must use designated security codes for identification on the trading system
  • Trading must be conducted in specified lot sizes as per the annexure
  • Lock-in requirements:
    • Choice International Limited: Lock-in expiry date of July 9, 2026
    • All other companies: Not Applicable

Important Dates

  • Circular Date: January 5, 2026
  • Effective Date for Trading: January 6, 2026
  • Allotment Dates:
    • Angel One Limited: December 30, 2025
    • Avantel Limited: December 22, 2025
    • Choice International Limited: November 12, 2025
    • HDB Financial Services Limited: December 19, 2025
    • ICICI Bank Limited: January 2, 2026
    • India Glycols Limited: November 24, 2025
  • Lock-in Expiry: July 9, 2026 (Choice International Limited only)

Impact Assessment

Minimal market impact expected. The listings represent routine corporate actions including employee stock option exercises and preferential allotments. The quantities are relatively small compared to existing float for most companies, except India Glycols with 5.1 million shares. Most shares have no lock-in restrictions, providing immediate liquidity. Choice International’s shares from warrant conversion have a six-month lock-in period until July 2026. All shares are pari passu with existing equity, maintaining uniform shareholder rights.

Impact Justification

Routine listing of further equity shares through ESOP allotments and preferential issues. Minor dilution across multiple companies with no significant market impact.