One Global Service Provider514330Preferential allotment

BSE grants in-principle approval for preferential issue of ~7.06 lakh shares via share swap

BSE has granted in-principle approval for One Global Service Provider's preferential issue of ~7.06 lakh equity shares of Rs. 10/- each, priced at not less than Rs. 558.93/-, to non-promoter investors via a share swap.

By ScoutQuest · Fri 16 Oct 2026, 3:23 PM IST · 3 min read

Number of equity shares: 7,06,068
Face value per share: Rs. 10/-
Issue price (floor): not less than Rs. 558.93/-

What the company announced

One Global Service Provider Ltd has informed the exchange that BSE Limited has granted in-principle approval for an issue of equity shares to the non-promoter category on a preferential basis pursuant to a share swap. The approval letter from the exchange is enclosed with the company's intimation.

The proposed issue in numbers

Number of equity shares: 7,06,068
Face value of each share: Rs. 10/-
Issue price: not less than Rs. 558.93/- each
Allottee category: non-promoter
Route: preferential basis, pursuant to a share swap

The wording "not less than Rs. 558.93/-" means this figure is stated as the floor for the price, so the final issue price would be this amount or higher.

How a share swap issue works

A preferential issue is a fresh issue of shares to a select set of investors rather than to the public. Here, the consideration is described as a share swap, which means the shares are being issued in exchange for consideration settled through the swap rather than as a plain cash subscription. Because these are newly issued shares, the total number of shares of the company increases, and existing holdings represent a smaller proportion of that larger total.

What the exchange's letter says

The approval is described as an in-principle approval and, in the exchange's own words, should not be construed as its approval for the listing of these shares.
The company is advised to ensure the issue and allotment are strictly in line with the applicable laws, rules and regulations and the listing agreement, and to obtain such other statutory and other approvals as are required.
The company is advised to obtain an undertaking from the allottee(s) confirming that they will not do intra-day trading in the scrip, and no sale in the scrip, till the allotment date.
The responsibility for verifying this and ensuring compliance rests solely on the issuer company.
Any non-compliance observed after the undertaking and verification may impact the listing of such shares.
On allotment, a listing application must be made without delay with the applicable fees; an application for listing is to be made within twenty days from the date of allotment, and non-compliance attracts a fine.
The exchange reserves the right to withdraw the in-principle approval at any stage if the information submitted is found to be incomplete, incorrect, misleading or false, or if it contravenes any rules, bye-laws and regulations.

How a retail investor can read this

In-principle approval is a step in the process, not the completion of the fundraise. The shares are yet to be allotted and then listed.
Two figures matter most for judging the size and price of the issue: ~7.06 lakh shares and the floor price of Rs. 558.93/- per share.
The issue is to non-promoter investors, so the allotment will bring in new holders. The shareholding pattern changes when the shares are actually allotted.
The requirement that allottees not sell or do intra-day trades in the scrip till the allotment date is a condition attached to this approval.
The exchange has kept the right to withdraw the approval, and the company has to complete the listing formality within twenty days of allotment.