Description
55.5 lakh equity shares of Ahmedabad Steelcraft Ltd. listed on BSE with effect from August 21, 2025, issued through preferential allotment.
Summary
BSE has approved the listing of 55,50,000 equity shares of Ahmedabad Steelcraft Ltd. (Scrip Code: 522273) effective August 21, 2025. These shares were issued at Rs. 72/- per share (face value Rs. 10/- with premium of Rs. 62/-) through preferential allotment pursuant to warrant conversion.
Key Points
- 55,50,000 new equity shares listed and permitted for trading
- Issue price: Rs. 72/- per share (Rs. 10/- face value + Rs. 62/- premium)
- Allotment date: March 27, 2025
- Distribution numbers: 4092001 to 9642000
- ISIN: INE868C01018
- Shares rank pari-passu with existing equity shares
Regulatory Changes
No regulatory framework changes. Standard listing process for preferential allotment shares following warrant conversion.
Compliance Requirements
- Trading members informed of new securities availability
- Lock-in restrictions apply to different tranches of shares
- Compliance with preferential allotment regulations maintained
Important Dates
- Allotment Date: March 27, 2025
- Trading Commencement: August 21, 2025
- Lock-in Expiry (40 lakh shares): March 31, 2027
- Lock-in Expiry (15.5 lakh shares): March 31, 2026
Impact Assessment
Significant equity dilution with 55.5 lakh new shares entering the market. The staggered lock-in structure (40 lakh shares locked until March 2027, 15.5 lakh until March 2026) will limit immediate trading liquidity but provides gradual market supply increase. The substantial premium of Rs. 62/- indicates strong investor confidence in the company’s prospects.
Impact Justification
Significant equity dilution of 55.5 lakh shares with lock-in provisions affecting trading liquidity