Description
BSE lists 2.48 crore equity shares of RDB Infrastructure and Power Limited issued on preferential basis pursuant to conversion of warrants, effective October 15, 2025.
Summary
BSE has listed 2,48,00,000 equity shares of Re. 1/- each of RDB Infrastructure and Power Limited (Scrip Code: 533285) issued at a premium of Rs. 39.50 per share on a preferential basis to Promoters and Non-Promoters pursuant to conversion of warrants. The new securities are listed and permitted to trade with effect from Wednesday, October 15, 2025. The shares rank pari-passu with existing equity shares.
Key Points
- Total new shares listed: 2,48,00,000 equity shares of Re. 1/- each
- Issue price: Rs. 40.50 per share (Re. 1 face value + Rs. 39.50 premium)
- Allotted to: Promoters and Non-Promoters on preferential basis
- Basis: Conversion of warrants
- Date of allotment: June 6, 2025
- Trading commencement: October 15, 2025
- ISIN: INE245L01028
- Distinctive Numbers: 172834001 to 197634000
- Ranking: Pari-passu with existing equity shares
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification following preferential allotment procedures.
Compliance Requirements
- Trading members must note the lock-in restrictions on the newly listed shares
- Lock-in provisions must be enforced as per the specified schedule
- Shares cannot be traded contrary to lock-in requirements
Important Dates
- Date of Allotment: June 6, 2025
- Trading Commencement: October 15, 2025
- Lock-in Expiry (Partial - 72,50,000 shares): April 30, 2026
- Lock-in Expiry (Majority - 1,75,50,000 shares): April 30, 2027
Lock-in Details
| Number of Shares | Distinctive Numbers | Lock-in Period Until |
|---|---|---|
| 1,75,50,000 | 172834001 to 190384000 | April 30, 2027 |
| 72,50,000 | 190384001 to 197634000 | April 30, 2026 |
Impact Assessment
Market Impact: Medium. The listing of 2.48 crore shares represents a significant addition to the outstanding shares of RDB Infrastructure and Power Limited. However, the substantial lock-in provisions (1.755 crore shares locked until April 2027, and 72.5 lakh shares until April 2026) will limit immediate trading float impact.
Trading Impact: The locked-in nature of most shares means limited immediate supply in the secondary market. Only shares allotted outside this preferential issue will be freely tradable.
Investor Consideration: Investors should note the warrant conversion nature of this allotment and the extended lock-in periods, which indicate promoter/strategic investor commitment but also potential future supply when lock-ins expire.
Impact Justification
Standard new securities listing for a company following preferential allotment. Medium impact due to significant dilution (2.48 crore shares) with lock-in provisions affecting trading float.