Description

Listing and trading approval for 7,77,77,778 equity shares issued by Rama Steel Tubes Limited on preferential basis to non-promoters, 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 a preferential basis to non-promoters. The shares will commence trading from Wednesday, November 19, 2025, and rank pari-passu with existing equity shares. All allotted shares are subject to lock-in until June 14, 2026.

Key Points

  • Number of Shares: 7,77,77,778 equity shares of Re. 1/- each
  • Issue Type: Preferential allotment to non-promoters
  • Issue Price: Rs. 11.25/- per share (Re. 1/- face value + Rs. 10.25/- premium)
  • Scrip Code: 539309
  • ISIN: INE230R01035
  • Trading Start Date: November 19, 2025
  • Allotment Date: September 23, 2025
  • Distinctive Numbers: 1558263202 to 1636040979
  • Ranking: Pari-passu with existing equity shares

Regulatory Changes

No regulatory changes. This is a standard listing notification following preferential allotment procedures under existing SEBI regulations.

Compliance Requirements

  • Trading members are informed that the new securities are listed and permitted for trading
  • All allotted shares are subject to mandatory lock-in requirements as per SEBI regulations
  • The shares will trade under the existing scrip code 539309 and ISIN INE230R01035

Important Dates

  • Allotment Date: September 23, 2025
  • Trading Commencement: November 19, 2025 (Wednesday)
  • Lock-in Period End: June 14, 2026

Impact Assessment

Market Impact: The preferential allotment of approximately 77.78 million shares represents a significant capital raise for Rama Steel Tubes Limited. The issue price of Rs. 11.25 per share indicates the valuation at which non-promoter investors subscribed to the offering.

Shareholder Impact: Existing shareholders should note the dilution from this preferential allotment. The lock-in period until June 14, 2026 (approximately 7 months from listing) prevents immediate selling pressure from allottees.

Trading Impact: The new shares will be available for trading from November 19, 2025, potentially increasing liquidity in the stock. However, the lock-in restrictions mean these specific shares cannot be traded until mid-2026.

Impact Justification

Significant preferential allotment representing substantial dilution, but routine listing process with standard lock-in requirements for existing shareholders to note.