Description

RDB Infrastructure and Power Limited lists 24.8 million equity shares of Re. 1 each at Rs. 40.50 issued on preferential basis through warrant conversion, effective October 15, 2025.

Summary

BSE announces the listing and trading commencement of 2,48,00,000 (24.8 million) new equity shares of RDB Infrastructure and Power Limited (Scrip Code: 533285) effective from Wednesday, October 15, 2025. These shares were issued at Rs. 40.50 per share (face value Re. 1 with premium of Rs. 39.50) to Promoters and Non-Promoters on a preferential basis pursuant to conversion of warrants. The shares rank pari-passu with existing equity shares and are subject to lock-in requirements.

Key Points

  • 2,48,00,000 equity shares of Re. 1 each listed on BSE
  • Issue price: Rs. 40.50 per share (including premium of Rs. 39.50)
  • Issued through conversion of warrants on preferential basis
  • Allotted to both Promoters and Non-Promoters
  • Date of Allotment: June 6, 2025
  • ISIN: INE245L01028
  • Distinctive Numbers: 172834001 to 197634000
  • Shares rank pari-passu with existing equity shares
  • Trading commences: October 15, 2025

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification following SEBI preferential allotment guidelines.

Compliance Requirements

  • Trading members must note the new securities for trading from October 15, 2025
  • Lock-in restrictions apply as detailed below and must be observed during trading
  • The securities are subject to standard preferential allotment compliance requirements

Important Dates

  • Date of Allotment: June 6, 2025
  • Trading Commencement: October 15, 2025 (Wednesday)
  • Lock-in Expiry (Tier 1): April 30, 2026 - for 72,50,000 shares (Dist. Nos. 19,03,84,001 to 197634001)
  • Lock-in Expiry (Tier 2): April 30, 2027 - for 1,75,50,000 shares (Dist. Nos. 172834001 to 19,03,84,000)

Impact Assessment

Market Impact: Medium. The listing adds 24.8 million shares to RDB Infrastructure’s equity base, representing significant dilution. The staggered lock-in structure (70.77% locked until April 2027, 29.23% until April 2026) provides some protection against immediate supply pressure.

Liquidity Impact: The immediate tradable float will not include these shares due to lock-in restrictions. Full liquidity impact will be felt progressively as lock-ins expire in 2026 and 2027.

Investor Consideration: Existing shareholders should note the equity dilution and monitor the company’s utilization of funds raised through warrant conversion. The preferential allotment to both promoters and non-promoters at Rs. 40.50 per share provides a reference price point for valuation.

Impact Justification

Standard preferential allotment listing affecting single company with significant share count (24.8M shares) and extended lock-in periods, relevant for existing shareholders and market participants tracking RDB Infrastructure.