Description

7,77,77,778 equity shares of Rama Steel Tubes Limited issued on preferential basis to non-promoters listed and permitted to trade with effect from November 19, 2025.

Summary

BSE has listed 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 are permitted to trade from November 19, 2025, and rank pari-passu with existing equity shares. The shares were allotted on September 23, 2025, at an issue price of Rs. 11.25 per share (face value Re. 1 plus premium of Rs. 10.25) and are subject to lock-in until June 14, 2026.

Key Points

  • 7,77,77,778 equity shares of Re. 1/- each listed on BSE
  • Issue price: Rs. 11.25 per share (Re. 1 face value + Rs. 10.25 premium)
  • Issued to non-promoters on preferential basis
  • Trading commences from November 19, 2025
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE230R01035
  • Distinctive Numbers: 1558263202 to 1636040979

Regulatory Changes

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

Compliance Requirements

  • Trading members are informed to note the new securities for trading purposes
  • All allotted shares are subject to lock-in restrictions until the specified date
  • Shares must be traded in accordance with standard BSE equity trading regulations

Important Dates

  • Allotment Date: September 23, 2025
  • Trading Commencement: November 19, 2025 (Wednesday)
  • Lock-in Expiry: June 14, 2026
  • Notice Date: November 18, 2025

Impact Assessment

Market Impact: Medium - The preferential allotment of approximately 7.78 crore shares represents a significant increase in the equity base of Rama Steel Tubes Limited, which will impact the shareholding pattern and potentially dilute existing shareholders’ stakes.

Liquidity Impact: The immediate trading impact may be limited due to the lock-in period extending until June 14, 2026, preventing these shares from being traded until then. Post lock-in expiry, increased float may improve liquidity.

Shareholder Impact: Existing shareholders face dilution from this substantial preferential allotment to non-promoters. The issue price of Rs. 11.25 per share will be a key consideration for valuation assessment.

Impact Justification

Significant dilution through preferential allotment of approximately 7.78 crore shares affecting existing shareholder equity, though limited to single company impact.