Intimation for Trading approval received from BSE Limited for 13,38,000 equity shares allotted on Preferential basis pursuant to conversion of warrants.
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Bizotic Commercial Ltd has received BSE trading approval for 13,38,000 fully paid-up equity shares issued to promoters via preferential allotment. The shares were issued at Rs. 290 per share (Rs. 10 face value + Rs. 280 premium), aggregating approximately Rs. 38.8 crore. These shares arose from the conversion of warrants under a preferential issue, with the original application filed with BSE on 8th September, 2025. The shares are listed effective 19th May, 2026 with distinctive numbers 8040001 to 9378000. The significant premium (28x face value) reflects the conversion price of the warrants.
This warrant conversion and preferential allotment to promoters increases the company's paid-up capital and could lead to share dilution for existing shareholders. The large premium pricing may signal strong promoter confidence in the company's prospects.