Description
5.36 million equity shares of Niraj Cement Structurals Limited listed for trading with lock-in periods varying from 2026 to 2027.
Summary
Niraj Cement Structurals Limited (Scrip Code: 532986) has listed 5.36 million new equity shares on BSE effective August 5, 2025. These shares were issued at Rs. 53 per share through conversion of warrants on a preferential basis to promoters and non-promoters.
Key Points
- 5,360,000 equity shares of Rs. 10 face value issued at Rs. 43 premium
- Issue price: Rs. 53 per share
- Allotment date: March 21, 2025
- Trading commences: August 5, 2025
- Shares rank pari-passu with existing equity shares
- ISIN: INE368I01016
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in restrictions must be observed as specified
- Standard listing compliance requirements apply
Important Dates
- Allotment Date: March 21, 2025
- Trading Commencement: August 5, 2025
- Lock-in expiry for 2.8M shares: February 4, 2026
- Lock-in expiry for 2.56M shares: February 4, 2027
Impact Assessment
The listing represents significant equity dilution through preferential allotment. The staggered lock-in periods (2026-2027) may create selling pressure in future periods. Market participants should factor in the increased share count and potential overhang from locked-in shares when they become tradeable.
Impact Justification
Significant equity dilution through preferential allotment affecting existing shareholders