Description

NSE notifies the listing of further equity shares for eight companies including Axis Bank, Biocon, CG Power, IndoStar Capital, Lodha Developers, Mastek, Sun Pharmaceutical Industries, and Tube Investments of India, effective January 12, 2026.

Summary

NSE has notified the listing of further equity shares for eight companies effective January 12, 2026. The securities include ESOP allotments for Axis Bank (138,572 shares), CG Power (5,000 shares), Lodha Developers (32,870 shares), and Mastek; preferential allotments for Biocon (171,279,553 shares at Rs. 405.78); and warrant conversion for IndoStar Capital Finance (10,869,565 shares at Rs. 184). All securities will trade with market lot of 1.

Key Points

  • Eight companies admitted for further equity share listings on NSE Capital Market segment
  • Effective date: January 12, 2026
  • Axis Bank: 138,572 equity shares of Rs. 2/- each under ESOP (allotted January 6, 2026)
  • Biocon: 171,279,553 equity shares of Rs. 5/- each on preferential basis at Rs. 405.78 (allotted January 5, 2026, lock-in expires July 13, 2026)
  • CG Power: 5,000 equity shares of Rs. 2/- each under ESOP (allotted December 30, 2025)
  • IndoStar Capital: 10,869,565 equity shares of Rs. 10/- each from warrant conversion at Rs. 184 (allotted November 25, 2025, lock-in expires July 20, 2026)
  • Lodha Developers: 32,870 equity shares of Rs. 10/- each under ESOP (allotted January 7, 2026)
  • Mastek: Equity shares of Rs. 5/- each under ESOP (details provided in continuation sheet)
  • All securities pari passu with existing shares
  • Market lot: 1 for all securities

Regulatory Changes

No regulatory changes introduced. This circular is issued pursuant to Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A.

Compliance Requirements

  • Members must note the designated security codes for the newly listed securities
  • Trading shall be conducted using designated codes only
  • Trading in specified lot sizes as per Annexure
  • Lock-in periods applicable:
    • Biocon preferential shares: Lock-in expires July 13, 2026
    • IndoStar Capital (warrant conversion): Lock-in expires July 20, 2026
    • ESOP allotments: Not applicable

Important Dates

  • Circular Date: January 9, 2026
  • Effective Date: January 12, 2026
  • Allotment Dates:
    • Axis Bank: January 6, 2026
    • Biocon: January 5, 2026
    • CG Power: December 30, 2025
    • IndoStar Capital: November 25, 2025
    • Lodha Developers: January 7, 2026
  • Lock-in Expiry Dates:
    • Biocon: July 13, 2026
    • IndoStar Capital: July 20, 2026

Impact Assessment

Market Impact: Minimal. Routine listing of further issues through ESOP schemes and preferential allotments. The largest addition is Biocon’s 171.28 million shares on preferential basis, which will increase the company’s equity base. All shares are pari passu with existing securities.

Trading Impact: No changes to trading mechanisms. Market lot remains 1 for all securities. Securities identified by designated codes as per standard procedures.

Liquidity Impact: Marginal increase in available shares for the listed companies. ESOP allotments are typically small in number. Biocon’s preferential allotment is subject to lock-in until July 13, 2026, limiting immediate trading impact.

Investor Impact: Existing shareholders should note dilution from new equity issuances. Lock-in periods apply to preferential allotments and warrant conversions, providing some stability during the lock-in phase.

Impact Justification

Routine listing notification for further issues through ESOP and preferential allotments. Market lot remains 1 for all securities. No significant operational or trading impact.