Description

NSE notifies listing of 1,653,750 additional equity shares of Mahickra Chemicals Limited on the SME EMERGE platform, effective April 27, 2026, allotted on a preferential basis at Rs. 157 per share.

Summary

NSE has notified the listing of further issues of securities for Mahickra Chemicals Limited on the SME EMERGE platform (Capital Market segment) effective April 27, 2026. A total of 1,653,750 equity shares allotted on a preferential basis at Rs. 157 per share (face value Rs. 10) have been admitted to dealings under the symbol MAHICKRA, Series SM.

Key Points

  • Symbol: MAHICKRA, Series: SM on NSE SME EMERGE
  • ISIN: INE961Y01015 (temporary IN8 ISIN credited per SEBI circular until activation)
  • 1,653,750 equity shares of Rs. 10 face value allotted at issue price of Rs. 157 on preferential basis
  • Distinctive number range: 8,122,161 to 9,775,910
  • Market lot size: 750 shares
  • Shares rank pari passu with existing equity shares
  • Lock-in on allotted shares until November 30, 2026

Regulatory Changes

No new regulatory changes. This is a routine listing admission under Regulation 3.1.1 and Regulation 2.5.5 of the NSE Capital Market Trading Regulations Part A.

Compliance Requirements

  • Trading members must use the designated security code (MAHICKRA, Series SM) for all trades in these securities.
  • Trading must be conducted in the specified market lot size of 750 shares.
  • Shares are subject to lock-in restrictions until November 30, 2026, and cannot be traded during this period.
  • The temporary ISIN (IN8*) will remain until the permanent ISIN (INE961Y01015) is activated per SEBI circulars CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012.

Important Dates

  • Date of Allotment: March 14, 2026
  • Effective Date for Trading: April 27, 2026
  • Lock-in Expiry: November 30, 2026

Impact Assessment

This circular has low broader market impact as it pertains to a small-cap SME EMERGE listed company. The preferential allotment of ~1.65 million shares increases the total share count of Mahickra Chemicals Limited. Investors holding or tracking MAHICKRA should note the lock-in period restricting sale of these newly allotted shares until end of November 2026. The addition of new shares may have a marginal dilutive effect on existing shareholders.

Impact Justification

Routine SME EMERGE listing notification for a small preferential allotment by a lesser-known chemicals company; limited broad market impact.