BSE grants listing approval for 1,72,50,000 equity shares allotted on preferential basis
BSE has granted listing approval for 1,72,50,000 equity shares of Rs. 10/- each, allotted to promoters and non-promoters on a preferential basis.
By ScoutQuest · · 2 min read
- Shares Approved for Listing
- 1,72,50,000 equity shares of Rs. 10/- each
- Allotment Basis
- allotted to promoters and non-promoters on a preferential basis
- Distinctive Numbers
- 13650001 to 30900000
What the company has informed the exchange
Longspur International Ventures Ltd has told BSE that the exchange, vide its letter dated October 14, 2026 having reference no. LOD/PREF/AA/FIP/943/2026-27, has granted listing approval for 1,72,50,000 equity shares of Rs. 10/- each. These shares were allotted to promoters and non-promoters on a preferential basis.
What listing approval means
- Listing approval is the exchange clearing these shares to be listed and dealt in on the exchange.
- It comes after the allotment of the shares. The shares stand allotted to the promoter and non-promoter allottees, and the exchange has now permitted them to be listed.
- In the exchange's letter, these shares are described as issued at par, bearing distinctive numbers from 13650001 to 30900000.
What still has to happen before trading
- Trading approval in these shares will be granted only after the company files the listing approval from the National Stock Exchange of India Ltd. (if applicable) and confirmation letters from NSDL/CDSL about crediting the shares to the respective beneficiary accounts and admitting the capital to the depository system.
- Confirmation letters from NSDL/CDSL about lock-in of pre-preferential holding are also to be shared, if applicable.
- All such approvals are to be shared together with the exchange.
- As per Schedule XIX of the ICDR Regulations, the company is required to apply for trading approval within seven working days from the date of grant of listing approval by the stock exchange.
Why this matters to a retail investor
- The listing approval takes the preferentially allotted shares one step closer to being tradable on the exchange, but trading approval is a separate, later step.
- Because these shares were issued on a preferential basis, the total number of shares in issue goes up. The exchange has asked the company to file its shareholding pattern in XBRL mode if there is a change exceeding two per cent of its total paid-up share capital.
- The face value of each of these shares is Rs. 10/-, and the shares were issued at par.
More numbers
- Equity shares for which BSE granted listing approval1,72,50,000
- Face value per equity shareRs.10/-
- Distinctive numbers of the shares (range)13650001 to 30900000
- Change in paid-up share capital triggering XBRL shareholding pattern update (exceeding)two per cent
- Time to apply for trading approval from date of listing approvalseven working days
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