Description
NSE circular notifying listing of further equity shares for ICICI Prudential Life, L&T, MIRC Electronics, Orchasp, RBL Bank, and Wipro effective February 06, 2026.
Summary
National Stock Exchange notifies the listing of further equity shares for six companies on the Capital Market segment effective February 06, 2026. The securities include ESOP allotments for ICICI Prudential Life Insurance, Larsen & Toubro, RBL Bank, and Wipro, as well as preferential allotments for MIRC Electronics and Orchasp Limited.
Key Points
- Six companies have further equity shares admitted to trading on NSE Capital Market segment
- Total securities being listed: 90,584,537 equity shares across all companies
- ICICI Prudential Life: 224,000 shares under ESOP (allotted Feb 03, 2026)
- Larsen & Toubro: 30,657 shares under ESOP (allotted Jan 28, 2026)
- MIRC Electronics: 88,949,900 shares via preferential allotment (allotted Oct 09, 2025) at Rs. 16.81 per share
- Orchasp Limited: 26,875,000 shares via preferential allotment (allotted Dec 18, 2025) at Rs. 3.2 per share
- RBL Bank: 341,431 shares under ESOP (allotted Feb 02, 2026)
- Wipro: 154,549 shares under ESOP (allotted Jan 31, 2026)
- All securities have market lot size of 1 and are pari passu with existing shares
Regulatory Changes
No regulatory changes. This is a standard listing notification under Regulation 3.1.1 and 2.5.5 of NSE Capital Market Trading Regulations Part A.
Compliance Requirements
- Trading members must use designated security codes for identification
- Trading must be conducted in specified lot sizes (market lot of 1 for all securities)
- Lock-in period applies to preferential allotments:
- MIRC Electronics: Lock-in expires August 15, 2026
- Orchasp Limited: Lock-in expires September 30, 2027
- ESOP allotments have no lock-in restrictions
Important Dates
- Circular Date: February 05, 2026
- Effective Date: February 06, 2026
- Allotment Dates:
- ICICI Prudential Life: February 03, 2026
- RBL Bank: February 02, 2026
- Wipro: January 31, 2026
- Larsen & Toubro: January 28, 2026
- Orchasp: December 18, 2025
- MIRC Electronics: October 09, 2025
- Lock-in Expiry Dates:
- MIRC Electronics: August 15, 2026
- Orchasp: September 30, 2027
Impact Assessment
Market Impact: Minimal. These are routine further issue listings representing small percentages of existing equity bases for most companies. ESOP allotments are standard compensation practices with no lock-in, allowing immediate trading.
Operational Impact: Low. The preferential allotments for MIRC Electronics (88.9 million shares) and Orchasp (26.9 million shares) are more substantial but already factored into market expectations given their October and December 2025 allotment dates. Lock-in periods provide stability by preventing immediate sale of preferentially allotted shares.
Investor Impact: Marginal dilution effect across all companies. Investors should note distinctive number ranges for record-keeping purposes.
Impact Justification
Routine listing of further equity shares under ESOP and preferential allotment. Standard administrative notification with minimal market impact.