This is to hereby inform the general public that the company have received Trading approval Letter from the Bombay Stock exchange for listing and trading of 90000 Equity shares vide letter ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shine Fashions (India) Ltd has received approval from BSE for the listing and trading of 90,000 equity shares with a face value of Rs. 5 each, issued at a premium of Rs. 202 per share. These shares were allotted to Non-Promoters on a preferential basis pursuant to the conversion of warrants (Second tranche), with distinctive numbers from 2918001 to 3008000. The shares are effective for trading from Thursday, May 15, 2025. The total value of this allotment is approximately Rs. 1.86 crore (90,000 shares × Rs. 207). This is a follow-on listing of shares that were already allotted, now being admitted to trading on the exchange.
Minor dilution for existing shareholders as 90,000 new shares enter the trading float. The very high premium (Rs. 202 on a Rs. 5 face value) suggests warrant holders are converting at a strike price well below market, but the small size of this tranche limits the overall impact on the stock.