Avro India Receives NSE, BSE Approval for Trading 6,48,330 Equity Shares

Noor Mohmmed

04/Jan/2025

What’s Covered:

Avro India secures NSE and BSE approval for trading 6,48,330 equity shares.
Shares issued at Rs. 117.25 premium to promoters and non-promoters.
Trading effective from January 6, 2025, following regulatory compliance.

Avro India Limited, a key player in the manufacturing sector, has officially announced the approval of 6,48,330 equity shares for trading on the National Stock Exchange of India Limited (NSE) and BSE Limited. The shares, issued at a premium of Rs. 117.25 per share, will be available for trading starting January 6, 2025.

Regulatory Approvals

The company received approvals via:

NSE Letter No. NSE/LIST/46308 dated January 3, 2025.
BSE Letter No. LOD/PREF/SV/66/2024-2025, also dated January 3, 2025.

These approvals authorize the trading of equity shares with distinctive numbers ranging from 10087401 to 10735730.

Key Details of the Equity Issue

Type of Issue: Preferential basis.
Allottees: Shares allocated to promoters and non-promoters.
Lock-In Period:
- 98,232 shares: Lock-in until July 10, 2026.
- 5,50,098 shares: Lock-in until July 10, 2025.

The NSE and BSE approvals validate Avro India's compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring investor confidence and market transparency.

Impact on Avro India

This development marks a significant milestone for Avro India Limited by enhancing the company's market presence and enabling liquidity for investors. The preferential issue also underscores the company's robust financial strategy to raise capital efficiently.

For more details, the company encourages stakeholders to visit its corporate headquarters or access the detailed announcement available on NSE's official website.

The Upcoming IPOs in this week and coming weeks are Indobell Insulation, Standard Glass Lining, Quadrant Future, Capital Infra Trust, Delta Autocorp and B R Goyal.

The Current active IPO is Fabtech Technologies, Davin Sons and Parmeshwar Metal.

Disclaimer

The information provided on this website is for educational and informational purposes only and should not be considered as financial advice, investment advice, or trading recommendations.

Trading in stocks, forex, commodities, cryptocurrencies, or any other financial instruments involves high risk and may not be suitable for all investors. Prices can fluctuate rapidly, and there is a possibility of losing part or all of your invested capital.

We do not guarantee any profits, returns, or outcomes from the use of our website, services, or tools. Past performance is not indicative of future results.

You are solely responsible for your investment and trading decisions. Before making any financial commitment, it is strongly recommended to consult with a qualified financial advisor or do your own research.

By accessing or using this website, you acknowledge that you have read, understood, and agree to this disclaimer. The website owners, partners, or affiliates shall not be held liable for any direct or indirect loss or damage arising from the use of information, tools, or services provided here.

Services