Description

962,893 equity shares of Remi Edelstahl Tubulars Limited issued on preferential basis to Promoter and Non-Promoter listed and permitted for trading with effect from November 28, 2025.

Summary

BSE has listed 962,893 new equity shares of Remi Edelstahl Tubulars Limited (Scrip Code: 513043) issued on a preferential basis to Promoter and Non-Promoter entities. The shares are priced at Rs. 129.33 per share (face value Rs. 10 plus premium of Rs. 119.33) and will commence trading from November 28, 2025. The shares rank pari-passu with existing equity shares and are subject to varying lock-in periods.

Key Points

  • 962,893 equity shares of face value Rs. 10/- each issued at premium of Rs. 119.33/-
  • Issue price: Rs. 129.33 per share
  • Allotment date: October 20, 2025
  • Trading commencement: November 28, 2025
  • Distribution numbers: 10982401 to 11945293
  • ISIN: INE158G01015
  • Shares rank pari-passu with existing equity shares
  • Two different lock-in periods applicable to different tranches

Regulatory Changes

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

Compliance Requirements

  • Trading members must note the listing of these new securities
  • Lock-in restrictions must be enforced:
    • 267,000 shares (Dist. Nos. 10982401-11249400) locked until May 31, 2027
    • 695,893 shares (Dist. Nos. 11249401-11945293) locked until June 1, 2026
  • Shares to be treated as pari-passu with existing equity for all corporate actions

Important Dates

  • Allotment Date: October 20, 2025
  • Trading Commencement: November 28, 2025
  • Lock-in Expiry (Tranche 1): June 1, 2026 (695,893 shares)
  • Lock-in Expiry (Tranche 2): May 31, 2027 (267,000 shares)

Impact Assessment

Market Impact: Low. The preferential allotment represents a modest equity dilution. With the majority of shares (695,893 out of 962,893) locked in until June 2026 and the remaining tranche locked until May 2027, there will be minimal immediate impact on free float or trading volumes.

Investor Impact: Existing shareholders experience dilution from the preferential issue. The lock-in periods indicate confidence from allottees but restrict liquidity in these specific shares.

Operational Impact: Minimal operational changes for trading members beyond noting the new securities and enforcing lock-in restrictions on the specified distribution numbers.

Impact Justification

Routine preferential allotment listing with limited market impact; shares represent dilution but are subject to lock-in periods