Rights Issue13 Oct 2026, 08:20 pm
Shivam Autotech Rights Issue for ₹120 Cr
AI Summary
Shivam Autotech Ltd is undertaking a Rights Issue of 10,00,00,000 fully paid-up Equity Shares. Each share has a face value of ₹2 and an issue price of ₹12 (including a premium of ₹10). The total issue size aggregates up to ₹12,000 Lakhs (₹120 Crore). Eligible shareholders will receive 19 Rights Equity Shares for every 25 fully paid-up Equity Shares held on the record date of October 15, 2026. The Letter of Offer, approved by the Board on October 8, 2026, was submitted to SEBI, BSE, and NSE on October 13, 2026.
Key Highlights
- Company to issue 10 crore equity shares via rights issue.
- Issue price set at ₹12 per share, including ₹10 premium.
- Total fundraising target is ₹12,000 Lakhs (₹120 Crore).
- Rights ratio is 19 shares for every 25 held on record date.
- Letter of Offer submitted to regulatory bodies on Oct 13, 2026.
Price Impact
More from SHIVAMAUTO