Shivam Autotech Limited has informed the Exchange about General Updates
SHIVAMAUTO · price
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Shivam Autotech has received trading approval from BSE and NSE for 92,72,997 equity shares of Rs. 2 each, allotted to non-promoters on a preferential basis through conversion of Optionally Convertible Debentures. The shares were issued at a premium of Rs. 24.96 per share, bringing the total issue price to about Rs. 26.96 per share and an aggregate value of roughly Rs. 25 crore. These shares started trading on both exchanges from June 13, 2025. The shares carry a lock-in period that runs until December 18, 2025, meaning these allottees cannot sell before that date.
The listing adds about 92.73 lakh new shares to the company's equity base, leading to some dilution for existing shareholders. Since the shares are locked in until mid-December 2025, there is no immediate selling pressure from these allottees, but investors should watch for potential supply overhang closer to the lock-in expiry date.