Rama Steel Tubes has allotted 7,77,77,778 equity shares on a preferential basis, as approved by the board of directors in their meeting held on September 23, 2025.
The allotment was made pursuant to the receipt of shareholder approval via EGM on June 18, 2025, and in-principle approvals from BSE Limited and the National Stock Exchange of India Limited, both dated September 8, 2025. The equity shares have a face value of ₹1 each and were issued at a price of ₹11.25 per share, which includes a premium of ₹10.25 per share.
Following the allotment, the paid-up equity share capital of the company has increased to ₹163.60 Crores, divided into 163,60,40,979 equity shares with a face value of ₹1 each. The new equity shares rank pari passu with the existing equity shares of the company.
The details of the allotment are as follows:
| Name of Allottee | Category | No. of Equity Shares Allotted | % of Pre-Issue Shareholding | % of Post Preferential Issue Shareholding |
|---|---|---|---|---|
| EBISU GLOBAL OPPORTUNITIES FUND LIMITED | Non-Promoter | 4,00,00,000 | - | 2.44% |
| PINE OAK GLOBAL FUND | Non-Promoter | 3,77,77,778 | - | 2.31% |
| Total | 7,77,77,778 | 4.75% |
The meeting of the Acquisition and Allotment Committee commenced at 04:00 P.M. and concluded at 04:35 P.M.
The details as required under Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024, are given in Annexure-1 to this Letter
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