Rights Issue30 Jun 2026, 11:51 am
Shah Metacorp Completes Rights Issue Allotment, Raises ₹47.22 Cr
AI Summary
Shah Metacorp Ltd has announced the successful allotment of 9,71,63,362 Rights Equity Shares at an issue price of ₹4.86 per share, raising a total of ₹47.22 Crore. This rights issue, approved by the Board of Directors and finalized in consultation with MUFG Intime India Private Limited, aimed to raise funds through the issuance of fully paid-up equity shares. The allotment has increased the company's paid-up equity share capital from ₹88.52 Crore to ₹98.23 Crore. The issue saw a subscription level of 94.82% of the total offered size. The company is seeking listing and trading approval from BSE and NSE for the newly allotted shares.
Key Highlights
- Rights Issue successfully allotted 9.71 Cr shares.
- Raised ₹47.22 Cr, increasing paid-up capital to ₹98.23 Cr.
- Issue price fixed at ₹4.86 per Rights Equity Share.
- Subscription level reached 94.82% of the offered size.
- Listing approval to be obtained from BSE and NSE.
Price Impact
More from GAL