Intimation of Trading approval received for the allotment of 52,63,000 equity shares through preferential issue.
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Bridge Securities Ltd has received trading approval from BSE for 52,63,000 fully paid-up equity shares (face value Re. 1 each, issued at a premium of Rs. 4.51) allotted on a preferential basis to non-promoters pursuant to the conversion of warrants. The shares, bearing distinctive numbers from 33613001 to 38876000, will become tradable on the exchange from December 1, 2025. The original application for this preferential issue was filed on September 6, 2024. The approval marks the formal listing of these newly converted shares, roughly 14 months after the initial application.
An additional 52.63 lakh shares will now be available for trading, which could increase float and add selling pressure on the stock. Existing shareholders should brace for potential dilution. The ~14-month gap between application and trading approval aligns with the typical 1-year mandatory lock-in period for non-promoter preferential allotments, suggesting these shares are now entering the market as free tradable equity.