Intimation of Trading approval received for the allotment of 264000 fully paid-up equity shares pursuant to conversion of warrants through preferential issue.
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Bizotic Commercial Ltd has received trading approval from BSE for the allotment of 2,64,000 fully paid-up equity shares. These shares were issued at a face value of Rs. 10 per share plus a premium of Rs. 280, making the issue price Rs. 290 per share. The shares were issued to promoters on a preferential basis through conversion of warrants. The shares, bearing distinctive numbers from 9378001 to 9642000, are listed effective Tuesday, 26 May 2026. The original trading and in-principle applications were filed on 21 May 2026 and 8 September 2025 respectively.
The conversion of warrants into equity shares increases the company's paid-up capital and dilute existing shareholders. The Rs. 280 premium on a Rs. 10 face value (2,900% premium) signals strong promoter confidence, though warrant conversions to promoters typically dilute public holdings.