Description
55.5 lakh equity shares of Ahmedabad Steelcraft Ltd. listed on BSE with effect from August 21, 2025, issued through preferential allotment with conversion of warrants.
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 a premium through preferential allotment to promoters and non-promoters pursuant to conversion of warrants.
Key Points
- 55,50,000 equity shares of Rs. 10/- each issued at premium of Rs. 62/-
- Issue price: Rs. 72/- per share
- Shares issued to both Promoter and Non-Promoter on preferential basis
- Securities rank pari-passu with existing equity shares
- ISIN: INE868C01018
- Distribution Numbers: 4092001 to 9642000
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for preferential allotment shares.
Compliance Requirements
- Trading members informed of new securities listing
- Lock-in restrictions apply as per regulatory requirements
- Shares permitted for trading from August 21, 2025
Important Dates
- Date of Allotment: 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
Medium impact on market with substantial equity dilution. The preferential allotment increases share capital significantly with extended lock-in periods providing stability. Different lock-in periods (2-3 years) indicate structured release of shares to market.
Impact Justification
Medium impact listing of existing company shares through preferential allotment with significant lock-in periods