Description
BSE lists 31.47 lakh new equity shares of Step Two Corporation Ltd issued on preferential basis, effective September 1, 2025.
Summary
BSE has announced the listing of 31,47,500 new equity shares of Step Two Corporation Ltd (Scrip Code: 531509) issued on a preferential basis to promoters and non-promoters. The shares will commence trading on September 1, 2025, and rank pari-passu with existing equity shares.
Key Points
- 31,47,500 equity shares of Rs. 10/- each issued at Rs. 5/- premium
- Issue price: Rs. 15/- per share
- Allotment date: April 9, 2025
- Trading commencement: September 1, 2025
- ISIN: INE623D01015
- Distribution numbers: 5052101 to 8199600
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for preferentially allotted shares.
Compliance Requirements
- Trading members informed of new share listing
- Lock-in periods applicable as per SEBI regulations
- Shares subject to standard trading rules and regulations
Important Dates
- Allotment Date: April 9, 2025
- Trading Commencement: September 1, 2025
- Lock-in Expiry (13 lakh shares): March 25, 2027
- Lock-in Expiry (18.47 lakh shares): April 9, 2026
Impact Assessment
Minimal market impact expected as this is a routine listing of preferentially allotted shares. The lock-in provisions ensure gradual release of shares into the market, preventing immediate dilution effects. Trading members can facilitate transactions in these new shares from September 1, 2025.
Impact Justification
Routine listing of preferentially allotted shares with limited market impact