BSELKP Securities LtdLowNeutral
Announced Fri, 30 May · 22:34 IST

Allotment of ESOP

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

LKP Securities has allotted 3,66,170 equity shares of Rs. 2 each to eligible employees under the LKPS Employee Stock Option Scheme 2017. The allotment covers four phases (IV to VII) with exercise prices ranging from Rs. 7 to Rs. 16 per share. Post-allotment, the company's paid-up equity share capital has risen to Rs. 16,46,30,398 divided into 8,23,15,199 shares, up from Rs. 16,38,98,058 (8,19,49,029 shares). The new shares rank pari-passu with existing shares, carry no lock-in, and are listed on BSE under scrip code 540192.

Likely market impact

This is a routine ESOP allotment resulting in minor dilution of about 0.45% in share count. The exercise prices are well below likely current market price, so it's mildly dilutive but not material for shareholders.