Description
BSE lists 5.36 million new equity shares of Niraj Cement Structurals Limited issued through preferential allotment with conversion of warrants.
Summary
BSE has listed 5.36 million new equity shares of Niraj Cement Structurals Limited (Scrip Code: 532986) issued through preferential allotment pursuant to conversion of warrants. Trading commences on August 5, 2025.
Key Points
- 5,360,000 equity shares of Rs. 10 each issued at Rs. 53 premium of Rs. 43
- Issued to both promoter and non-promoter entities on preferential basis
- Shares rank pari-passu with existing equity shares
- Distribution numbers: 54334341 to 59694340
- ISIN: INE368I01016
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in provisions apply as per SEBI regulations
- Standard preferential allotment compliance completed
Important Dates
- Allotment Date: March 21, 2025
- Trading Commencement: August 5, 2025
- Lock-in expiry for 2.56M shares: February 4, 2027
- Lock-in expiry for 2.8M shares: February 4, 2026
Impact Assessment
Moderate dilution impact with significant lock-in periods limiting immediate tradeable float. The preferential allotment indicates capital raising for business expansion, with staggered lock-in providing gradual liquidity release over 2-year period.
Impact Justification
Standard listing of new equity shares through preferential allotment with moderate dilution impact