Description
55.5 lakh equity shares of Ahmedabad Steelcraft Ltd. listed on BSE with effect from August 21, 2025, issued on preferential basis with lock-in periods.
Summary
BSE has listed 55,50,000 new equity shares of Ahmedabad Steelcraft Ltd. (Scrip Code: 522273) with effect from Thursday, August 21, 2025. These shares were issued at Rs. 72/- per share (Rs. 10/- face value + Rs. 62/- premium) to promoters and non-promoters on a preferential basis pursuant to conversion of warrants.
Key Points
- 55.5 lakh equity shares listed with distribution numbers 4092001 to 9642000
- Issue price: Rs. 72/- per share (face value Rs. 10/- + premium Rs. 62/-)
- Date of allotment: March 27, 2025
- ISIN: INE868C01018
- Shares rank pari-passu with existing equity shares
- Issued pursuant to conversion of warrants
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Trading members are informed about the new securities available for trading
- Lock-in restrictions apply to the allotted shares as specified
Important Dates
- Trading commencement: August 21, 2025
- Allotment date: March 27, 2025
- Lock-in expiry for 40 lakh shares: March 31, 2027
- Lock-in expiry for 15.5 lakh shares: March 31, 2026
Impact Assessment
The listing represents a significant equity dilution of approximately 55.5 lakh shares. The staggered lock-in periods (40 lakh shares until March 2027 and 15.5 lakh shares until March 2026) provide some protection against immediate selling pressure. The preferential allotment to both promoters and non-promoters may impact existing shareholder equity and voting rights.
Impact Justification
Significant equity dilution through preferential allotment affecting existing shareholders