South West Pinnacle Exploration Limited has informed the Exchange regarding 'Receipt of the Trading approval from National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE) for Trading of 19,27,611 Equity Shares allotted to non-promoter category of persons on a preferential basis'.
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South West Pinnacle Exploration Limited has received trading approval from both NSE and BSE for 19,27,611 equity shares of Rs. 10 each, issued at a premium of Rs. 122.20 per share to non-promoter persons on a preferential basis. These shares have been allotted with distinctive numbers from 27902401 to 29830011 and are admitted to trading on the exchanges from May 13, 2025. The shares carry a lock-in period that runs until November 15, 2025, meaning they cannot be sold by the allottees before that date. The premium of Rs. 122.20 over the face value of Rs. 10 indicates the issue price was Rs. 132.20 per share, and the total preferential issue size is approximately Rs. 25.48 crore.
This formalises the listing of recently allotted preferential shares, adding 19.27 lakh shares to the tradable float — though lock-in until November 15, 2025 limits immediate supply. Shareholders should watch for potential selling pressure closer to the lock-in expiry in November 2025.