Description

BSE lists 2.48 crore equity shares of RDB Infrastructure and Power Limited issued on preferential basis pursuant to conversion of warrants, with lock-in periods applicable.

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 to promoters and non-promoters on a preferential basis pursuant to conversion of warrants. The new shares are admitted for trading with effect from October 15, 2025, and rank pari-passu with existing equity shares.

Key Points

  • 2,48,00,000 new equity shares of Re. 1/- each issued at Rs. 40.50 per share (including premium of Rs. 39.50)
  • Shares issued to promoters and non-promoters on preferential basis through warrant conversion
  • Date of allotment: June 6, 2025
  • Trading commencement date: October 15, 2025
  • Distinctive numbers: 172834001 to 197634000
  • ISIN: INE245L01028
  • New shares rank pari-passu with existing equity shares

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for new securities.

Compliance Requirements

  • Trading members must note the listing of these new securities for trading purposes
  • Lock-in restrictions apply to all allotted shares as specified below
  • Market participants must recognize the dilution impact in trading and risk management

Important Dates

  • Date of Allotment: June 6, 2025
  • Trading Commencement: October 15, 2025
  • Lock-in Expiry (Tranche 1): April 30, 2026 for 72,50,000 shares (Dist. Nos. 190384001 to 197634000)
  • Lock-in Expiry (Tranche 2): April 30, 2027 for 1,75,50,000 shares (Dist. Nos. 172834001 to 190384000)

Impact Assessment

Market Impact: The issuance of 2.48 crore shares represents significant equity dilution. However, the staggered lock-in periods (72.5 lakh shares locked until April 2026 and 1.755 crore shares locked until April 2027) will limit immediate supply pressure on the stock price. The preferential allotment at Rs. 40.50 per share establishes a reference price point for market participants.

Liquidity Impact: Trading liquidity may improve marginally post-listing, though the majority of shares remain locked for 1.5 to 2.5 years. Only non-locked portions, if any, would be immediately tradable.

Operational Impact: Routine listing procedure with no operational changes for trading members beyond recognizing the expanded share capital in their systems.

Impact Justification

Significant equity dilution of 2.48 crore shares but routine listing procedure. Medium impact due to size of issuance and lock-in implications for price stability.