Description

RDB Infrastructure and Power Limited lists 47,50,000 equity shares issued at Rs. 40.50 per share on preferential basis pursuant to conversion of warrants, effective January 29, 2026.

Summary

BSE has approved the listing of 47,50,000 equity shares of RDB Infrastructure and Power Limited (Scrip Code: 533285) issued to non-promoters on a preferential basis pursuant to conversion of warrants. The shares will be available for trading with effect from Thursday, January 29, 2026. The shares were allotted in two tranches during August 2025 at an issue price of Rs. 40.50 per share (Rs. 1 face value + Rs. 39.50 premium) and rank pari-passu with existing equity shares.

Key Points

  • Total shares listed: 47,50,000 equity shares of Rs. 1/- each
  • Issue price: Rs. 40.50 per share (face value Rs. 1 + premium Rs. 39.50)
  • Allotted to non-promoters on preferential basis
  • Issued pursuant to conversion of warrants
  • Shares rank pari-passu with existing equity shares
  • ISIN: INE245L01028
  • Scrip Code: 533285
  • Trading commencement: January 29, 2026

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for securities issued under existing SEBI preferential allotment regulations.

Compliance Requirements

  • Trading members must note the listing of new securities in their systems
  • Lock-in restrictions must be enforced on all 47,50,000 shares until July 31, 2026
  • Distinct number ranges (198134001-198384000 and 198384001-202884000) must be recognized for lock-in tracking

Important Dates

  • August 18, 2025: First tranche allotment of 2,50,000 shares (Dist. Nos. 198134001-198384000)
  • August 29, 2025: Second tranche allotment of 45,00,000 shares (Dist. Nos. 198384001-202884000)
  • January 28, 2026: Notice date
  • January 29, 2026: Trading commencement date
  • July 31, 2026: Lock-in expiry date for all 47,50,000 shares

Impact Assessment

Market Impact: Low. The listing represents approximately 2.9% dilution (assuming base of ~16 crore shares based on typical mid-cap infrastructure company). All shares are locked until July 31, 2026, preventing immediate supply pressure.

Liquidity Impact: Minimal near-term impact due to lock-in restrictions. Post lock-in expiry, an additional 47,50,000 shares will become available for trading.

Operational Impact: Routine operational update for trading members. The preferential allotment at Rs. 40.50 indicates capital raising activity for business operations or debt reduction.

Impact Justification

Routine listing of preferential allotment shares pursuant to warrant conversion with standard lock-in provisions. Limited market impact as shares are locked until July 2026.