Description
BSE announces listing of 3,00,000 equity shares of Ritco Logistics Limited issued on preferential basis to promoters following warrant conversion.
Summary
BSE has approved the listing of 3,00,000 new equity shares of Ritco Logistics Limited (Scrip Code: 542383) issued to promoters on a preferential basis pursuant to warrant conversion. The shares will commence trading on August 14, 2025.
Key Points
- 3,00,000 equity shares of Rs. 10/- each issued at premium of Rs. 237.10/-
- Issue price: Rs. 247.10 per share
- Shares issued to promoters on preferential basis following warrant conversion
- New shares rank pari-passu with existing equity shares
- Distribution numbers: 28322758 to 28622757
- ISIN: INE01EG01016
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
Trading members are informed of the new securities listing and trading permissions.
Important Dates
- Allotment Date: May 19, 2025
- Trading Commencement: August 14, 2025
- Lock-in Period Expiry: February 28, 2027
Impact Assessment
Minimal market impact as this is a routine preferential allotment to promoters with shares under lock-in until February 2027. The issuance represents capital raising through warrant conversion and does not affect immediate trading liquidity.
Impact Justification
Routine listing of preferential shares with minimal market impact