Richfield Financial Services Ltd’s New Equity Shares Are Listed After Preferential Allotment
Richfield Financial Services Limited has commenced trading for a new issue of equity shares that were allotted on a preferential basis to promoters and non-promoters. The securities are now listed and available for trade following the necessary approval process from the Exchange.The company issued 21,56,000 equity shares, each with a face value of Rs. 10/-. These shares were allotted at an issue price of Rs. 25/-, significantly above their face value. The allotment took place on March 10, 2026.
The newly issued securities are ranking pari-passu with the company’s existing equity shares. Listing commenced effective Tuesday, June 9, 2026, for these shares under Scrip Code 539435.
A detailed breakdown of the security and related lock-in requirements is provided below:
| Security Details | Batch 1 (Shares) | Batch 2 (Shares) | Batch 3 (Shares) |
|---|---|---|---|
| Shares Issued | Promoter/Non-Promoters | Promoter/Non-Promoters | Promoter/Non-Promoters |
| Issue Price | Rs. 25/- | Rs. 25/- | Rs. 25/- |
| Dist. Nos. | 7500201 to 9656200 | 7500201 to 9656200 | 7500201 to 9656200 |
| Date of Allotment | 10/03/2026 | 10/03/2026 | 10/03/2026 |
| Lock-in Upto | N/A (Lock-in applies to other batches) | 15/12/2026 | 15/12/2027 |
| Shares Subject to Lock-in | 20,14,400 shares | 7500201 - 9514600 | 9536201 - 9656200 |
The data specifies the following lock-in conditions for different batches of the issued securities:
- One portion, comprising 20,14,400 shares (Dist. Nos. 7500201 to 9536200), is subject to a lock-in period ending on December 15, 2026.
- A second portion, covering the range 9514601 to 9536200, has a lock-in until December 15, 2027.
- The third batch, with shares ranging from 9536201 to 9656200, is also subject to a lock-in ending on December 15, 2026.
Stock Price Movement
As of 10:22, Richfield Financial Services Ltd is edging higher, trading at ₹27.00 and recording a strong gain of 4.21%. The shares are tightly bound within the day so far, moving between an intraday low of ₹26.90 and a high of ₹27.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.