Description
BSE approves listing of 5.36 million equity shares of Niraj Cement Structurals Limited issued on preferential basis pursuant to conversion of warrants.
Summary
BSE has approved the listing of 5.36 million equity shares of Niraj Cement Structurals Limited (Scrip Code: 532986) issued on a preferential basis pursuant to conversion of warrants. The new shares will commence trading on August 5, 2025, and rank pari-passu with existing equity shares.
Key Points
- 5,360,000 equity shares of Rs. 10 each issued at premium of Rs. 43
- Issue price: Rs. 53 per share
- Allotment date: March 21, 2025
- Distribution numbers: 54334341 to 59694340
- ISIN: INE368I01016
- Issued to both promoter and non-promoter categories
Regulatory Changes
No regulatory changes introduced. Standard listing approval for preferential issue.
Compliance Requirements
- Trading members must note the new securities for trading operations
- Lock-in provisions must be observed as specified
- Shares rank pari-passu with existing equity shares
Important Dates
- Allotment Date: March 21, 2025
- Trading Commencement: August 5, 2025
- Lock-in Expiry (2.56M shares): February 4, 2027
- Lock-in Expiry (2.8M shares): February 4, 2026
Impact Assessment
The preferential issue represents a significant capital raise for Niraj Cement Structurals Limited. With differentiated lock-in periods, the shares will be released to the market in phases, potentially affecting liquidity and price dynamics. The warrant conversion indicates successful completion of the fundraising process initiated earlier.
Impact Justification
Standard preferential issue listing with moderate shareholding dilution and lock-in provisions