Description

Step Two Corporation Ltd. lists 31,47,500 new equity shares at Rs. 15/- each on preferential basis, effective September 1, 2025.

Summary

Step Two Corporation Ltd. (Scrip Code: 531509) has listed 31,47,500 new equity shares of Rs. 10/- each issued at a premium of Rs. 5/- on a preferential basis to promoters and non-promoters. Trading will commence on September 1, 2025.

Key Points

  • 31,47,500 new equity shares of Rs. 10/- each with Rs. 5/- premium
  • Issue price: Rs. 15/- per share
  • Shares rank pari-passu with existing equity shares
  • Distribution Numbers: 5052101 to 8199600
  • Allotment Date: April 9, 2025
  • ISIN: INE623D01015

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Trading members can commence trading these securities from September 1, 2025
  • Lock-in provisions apply to different tranches of shares

Important Dates

  • Trading Start Date: September 1, 2025
  • Allotment Date: April 9, 2025
  • Lock-in Expiry:
    • 13,00,000 shares (Dist. Nos. 5052101 to 6352100): March 25, 2027
    • 18,47,500 shares (Dist. Nos. 6352101 to 8199600): April 9, 2026

Impact Assessment

Limited market impact as this is a company-specific preferential allotment. The lock-in periods indicate structured release of shares into the market, with the majority having a shorter lock-in period until April 2026.

Impact Justification

Company-specific equity listing with moderate market relevance