Receipt of Listing approval for listing of 4,51,66,668 equity shares allotted to promoter and non-promoter category on preferential basis
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.1 pts more than Nifty Microcap 250 and 5.2 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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iStreet Network Ltd has received BSE listing approval for 4,51,66,668 equity shares that were earlier allotted to promoter and non-promoter groups on a preferential basis. Preferential allotment is when a company issues shares directly to chosen investors instead of the public. The listing approval is a routine regulatory step that allows these already-issued shares to start trading on the exchange. The full announcement document was not accessible as the BSE page had been moved, so finer details like issue price, lock-in period, or purpose of funds are not available from the source.
Once listed, these shares will dilute existing shareholders' holdings and increase the total equity base. Near-term price action may depend on the original allotment price and applicable lock-in rules, since locked-in shares cannot be sold immediately.