Description
NSE notifies the listing of 13,120 equity shares of India Shelter Finance Corporation Limited under ESOP and 39,159,342 units of Mindspace Business Parks REIT on preferential basis, effective January 14, 2026.
Summary
NSE has notified the listing of further securities for two entities effective January 14, 2026. India Shelter Finance Corporation Limited will list 13,120 equity shares allotted under ESOP scheme on January 8, 2026. Mindspace Business Parks REIT will list 39,159,342 units allotted on preferential basis on January 9, 2026 at an issue price of Rs. 464.64 per unit, with specific lock-in requirements extending up to January 15, 2029.
Key Points
- India Shelter Finance Corporation Limited: 13,120 equity shares of Rs. 5/- each allotted under ESOP
- Allotment date: January 8, 2026
- Distinctive number range: 108620547 to 108633666
- Market lot: 1 share
- Trading symbol: INDIASHLTR, ISIN: INE922K01024
- Mindspace Business Parks REIT: 39,159,342 units allotted on preferential basis
- Allotment date: January 9, 2026
- Issue price: Rs. 464.64 per unit
- Trading symbol: MINDSPACE, ISIN: INE0CCU25019
- Lock-in applicable for REIT units across 22 tranches with varying lock-in periods
- All securities are pari passu with existing securities
Regulatory Changes
No new regulatory changes introduced. The circular is issued in pursuance of existing regulations:
- Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A for admission of securities
- Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A for lot size specification
- SEBI circulars CIR/MRD/DP/21/2012 (August 2, 2012) and CIR/MRD/DP/24/2012 (September 11, 2012) regarding temporary ISIN activation for additional issues
Compliance Requirements
- Trading members must use designated security codes (INDIASHLTR for India Shelter, MINDSPACE for Mindspace REIT)
- Trading must be conducted in specified market lot sizes (1 share for INDIASHLTR)
- Lock-in restrictions must be observed for Mindspace REIT units as per Annexure-I
- ESOP shares initially credited under temporary ISIN (IN8*********) in dematerialized mode per SEBI guidelines
Important Dates
- Effective date for trading: January 14, 2026
- India Shelter ESOP allotment date: January 8, 2026
- Mindspace REIT allotment date: January 9, 2026
- Mindspace REIT lock-in expiry dates: Ranges from January 15, 2027 to January 15, 2029 (22 separate tranches with alternating 1-year and 3-year lock-ins)
Impact Assessment
Limited market impact expected. The India Shelter ESOP allotment represents a small quantity (13,120 shares) with no lock-in restrictions, indicating routine employee compensation. The Mindspace REIT preferential allotment of 39.16 million units at Rs. 464.64 totals approximately Rs. 18,200 crore in value, but with extensive lock-in periods (1-3 years) limiting immediate tradability. The staggered lock-in structure across 22 tranches suggests strategic investor participation with long-term commitment. No immediate liquidity impact anticipated as locked-in units cannot be traded until respective expiry dates.
Impact Justification
Routine listing notification for small ESOP allotment and REIT preferential issue with lock-in periods. Limited immediate market impact.