Rama Steel Tubes allots new shares, boosting capital

Rama Steel Tubes' Acquisition and Allotment Committee, at its meeting on September 23, 2025, approved the allotment of 77,777,778 equity shares on a preferential basis. These shares, with a face value of ₹1/- each, were issued at a price of ₹11.25/-, including a premium of ₹10.25/- per equity share. The allotment follows shareholder approval via an EGM on June 18, 2025, and in-principle approvals from BSE and NSE dated September 8, 2025.

The preferential allotment was made to two non-promoter entities: EBISU GLOBAL OPPORTUNITIES FUND LIMITED received 40,000,000 shares (2.44% post-allotment shareholding), and PINE OAK GLOBAL FUND received 37,777,778 shares (2.31% post-allotment shareholding). This transaction results in a combined post-allotment shareholding of 4.75% for these investors.

As a result of this allotment, the company's paid-up equity share capital has increased to ₹1,636,040,979/-, divided into 1,636,040,979 equity shares of ₹1/- each. The newly issued equity shares will rank pari-passu with the existing equity shares of the company.