Description
Listing of 12,54,750 equity shares of Rama Petrochemicals Ltd issued to promoters on preferential basis pursuant to conversion of warrants, effective February 3, 2026.
Summary
BSE has announced the listing of 12,54,750 new equity shares of Rama Petrochemicals Ltd (Scrip Code: 500358) issued to promoters on a preferential basis pursuant to conversion of warrants. The shares will commence trading on February 3, 2026, and are subject to lock-in until August 29, 2027.
Key Points
- 12,54,750 equity shares of Rs. 10/- each issued at par to promoters
- Shares issued pursuant to conversion of warrants on preferential basis
- Issue price: Rs. 10/- per share
- Distinctive Numbers: 10469401 to 11724150
- Date of Allotment: March 26, 2025
- ISIN: INE783A01013
- Shares rank pari-passu with existing equity shares
- Trading permitted with effect from Tuesday, February 3, 2026
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification for preferential allotment.
Compliance Requirements
Trading members are informed about the new securities listing and should update their systems accordingly. The preferential allotment follows standard SEBI guidelines for warrant conversion and promoter allotments.
Important Dates
- Allotment Date: March 26, 2025
- Trading Commencement: February 3, 2026
- Lock-in Period End: August 29, 2027
Impact Assessment
The listing represents a capital infusion through preferential allotment to promoters via warrant conversion. With all shares subject to lock-in until August 2027, there will be no immediate tradable supply from this allotment. The issue represents approximately 11.98% dilution (assuming total pre-issue shares of around 1.05 crore based on distinctive numbers). Market impact is minimal due to the lock-in restriction and promoter nature of the allotment.
Impact Justification
Routine listing of preferential allotment to promoters with standard lock-in period. Limited market impact as shares are locked-in until August 2027.