GRM Overseas Limited has received formal trading approval from both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) for a total of 2,31,54,000 equity shares with a face value of Rs. 2/- each. The approval was granted through BSE letter No. LOD/PREF/SV/457/2026-2027 dated May 26, 2026 and NSE letter Ref. No. NSE/LIST/55093 dated May 26, 2026.
The share composition consists of two components:
- 77,18,000 equity shares allotted to Promoters and Non-Promoters on a preferential basis pursuant to conversion of warrants
- 1,54,36,000 bonus equity shares allotted in the ratio of 2:1 on the aforementioned preferential shares
The shares have been admitted to trading on both exchanges effective from May 27, 2026. The distinctive number range for the entire allotment is from 184056001 to 207210000.
Lock-in Details
Specific lock-in periods apply to the shares as detailed in Annexure I:
- 36,24,000 shares (Distinctive Numbers 184056001 to 187680000) are locked until November 30, 2027
- 1,95,30,000 shares (Distinctive Numbers 187680001 to 207210000) are locked until November 30, 2026
- Total locked shares: 2,31,54,000
The NSE communication also references that the preferential shares were issued at a premium of Rs. 148 per share, with distinctive numbers 184056001 to 191774000 for the 77,18,000 preferential shares, and 191774001 to 207210000 for the 1,54,36,000 bonus shares.