On December 26, 2024, Nippon Life India Asset Management Limited informed the stock exchanges about the approval of the allotment of 3,53,151 equity shares under its Employee Stock Option Plans (ESOPs) for 2017 and 2019. This allotment, which includes shares from both NAM INDIA ESOP 2017 and NAM INDIA ESOP 2019, will lead to an increase in the company's paid-up equity share capital. The company's capital base will rise to Rs. 6,33,73,77,440, with a total of 63,37,37,744 equity shares now outstanding.

Details of Allotments Under ESOPs

The first allotment of shares occurred under the NAM INDIA ESOP 2017, which was previously known as the Reliance Nippon Life Asset Management Limited - Employee Stock Option Plan 2017. A total of 2,38,163 equity shares were allotted, divided into two main categories:

• 10,555 equity shares allotted at a grant price of Rs. 202.50 per share, totaling Rs. 21,37,387.50.
• 2,27,608 equity shares allotted at a grant price of Rs. 256.10 per share, totaling Rs. 5,82,90,408.80.

Similarly, under the NAM INDIA ESOP 2019 (formerly Reliance Nippon Life Asset Management Limited - Employee Stock Option Plan 2019), a total of 1,14,988 equity shares were allotted:

• 75,552 equity shares allotted at a grant price of Rs. 223.32 per share, totaling Rs. 1,68,72,272.64.
• 36,436 equity shares allotted at a grant price of Rs. 372.71 per share, totaling Rs. 1,35,80,061.56.
• 3,000 equity shares allotted at a grant price of Rs. 389.28 per share, totaling Rs. 11,67,840.00.

Impact on Paid-Up Capital

As a result of these allotments, the company's paid-up equity share capital has increased. On December 13, 2024, the company’s paid-up capital stood at Rs. 6,33,38,45,930 with 63,33,84,593 equity shares. After the 3,53,151 new shares were allotted under these ESOPs, the total capital now stands at Rs. 6,33,73,77,440 with 63,37,37,744 equity shares in circulation. These shares will rank pari passu with the existing shares in all respects, meaning they carry the same rights and privileges.

The allotment of these shares is a significant development for the company, and investors should keep a close eye on any further announcements from Nippon Life India Asset Management regarding future allotments or corporate actions. The company’s ESOP plans are part of its strategy to incentivize employees, align their interests with the company, and attract top talent.

Conclusion

This allotment of shares by Nippon Life India Asset Management under its ESOP plans is a crucial step in increasing employee participation in the company's success and expanding its equity base. As the company grows and strengthens its financial standing, such developments will likely have an impact on its stock price and overall market performance. Keep an eye on upcoming stock market news, as this could be a pivotal moment for investors.

The Upcoming IPOs in this week and coming weeks are Citichem India, Indo Farm, Technichem Organics, Leo Dry Fruits, Solar91 Cleantech, Rosmerta Digital and Avanse Financial.

The Current active IPO is Anya Polytech and Unimech Aerospace.

For more details on upcoming IPOs, you can visit our page at  and stay updated with the latest news on IPO updates on . Join our  for regular Stock Market Trading and Investment Calls by  - SEBI Registered Research Analyst &  for Regular Share Market, News & IPO Updates. Start your Stock Market Journey and Apply in IPO by opening a Free Demat Account in .Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance SaathiTop News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance SaathiTrading with CA Abhay Telegram ChannelCA Abhay VarnFinance Saathi Telegram ChannelChoice Broking FinX.