Description
Listing and trading approval for 7,77,77,778 preferential equity shares of Rama Steel Tubes Limited effective November 19, 2025.
Summary
BSE has approved the listing and trading of 7,77,77,778 new equity shares of Rama Steel Tubes Limited (Scrip Code: 539309) issued on preferential basis to non-promoters. Trading commences on November 19, 2025. The shares were allotted at Rs. 11.25 per share (Re. 1 face value + Rs. 10.25 premium) and are subject to lock-in until June 14, 2026.
Key Points
- 7,77,77,778 equity shares of Re. 1/- each issued at premium of Rs. 10.25/-
- Issued to non-promoters on preferential basis
- Shares rank pari-passu with existing equity shares
- Trading effective from November 19, 2025
- Distinguished numbers: 1558263202 to 1636040979
- ISIN: INE230R01035
- Issue price: Rs. 11.25 per share
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
Trading members are informed to note the new securities for trading purposes. The allotted shares are subject to mandatory lock-in requirements as specified.
Important Dates
- Date of Allotment: September 23, 2025
- Trading Commencement Date: November 19, 2025 (Wednesday)
- Lock-in Period Ends: June 14, 2026
Impact Assessment
The preferential allotment represents significant equity dilution with approximately 77.78 million new shares entering the market. All shares are locked-in for approximately 7 months post-listing, preventing immediate selling pressure. The shares rank equally with existing equity, maintaining uniform shareholder rights. Market impact is moderate given the lock-in provision limiting immediate liquidity.
Impact Justification
Standard preferential allotment listing notice affecting single company with significant dilution (77.78 million shares) but routine procedural impact for market operations