Magnus Steel and Infra Ltd
Magnus Steel Rights Issue Approves Rs. 39.89 Crore Capital Raise
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 21 Oct 2026, 05:41 PM IST · BSE ID: fb9c84d7-1e36-478e-b8b8-f9e3680f2e5e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is raising funds by offering new shares to its existing investors at a fixed price.
🤖 AI Summary
- Magnus Steel approves Rs. 39.88 Crore rights issue at Rs. 10.00 per share.
- 3,98,87,540 equity shares to be issued to existing shareholders.
- Rights issue opens November 12, 2026, and closes December 1, 2026.
- Shareholders get 59 shares for every 5 shares held as of October 27, 2026 record date.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Amount aggregating of rights issue
Rs. 39,88,75,400/-
Issue Price per share
Rs.10.00/-
Total number of securities proposed to be issued
3,98,87,540*
Record Date
Tuesday, October 27, 2026
Right Issue Opening Date
Thursday, November 12, 2026
Right Issue Closing Date
Tuesday, December 01, 2026
Right entitlement Ratio
59 (Fifty Nine) Equity Shares for every 5 (Five) Equity Shares held
Outstanding Equity Shares prior to the Rights Issue
33,80,300
Outstanding Equity Shares post Right Issue (assuming full subscription)
4,32,67,840
🏢 How This Affects the Company
The capital raised through the rights issue will support the company's growth initiatives and operational expansion.
The rights issue will increase the company's equity base and cash reserves, assuming full subscription. Outstanding shares will increase significantly.
Increased share count could lead to dilution if earnings do not grow proportionally. The success of the issue depends on investor participation.
👥 What This Means For Shareholders
✅
Action Required
Eligible shareholders should review the terms and decide whether to subscribe, renounce, or let their rights lapse by December 1, 2026.
👤
Who Is Affected
Shareholders as of the record date, October 27, 2026, are eligible. They have the right to subscribe to 59 new shares for every 5 existing shares.
🔍
Management Signal
Management is signaling an intent to raise substantial capital through equity issuance to fund company operations or growth.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Confirmation of subscription levels for the rights issue.
Company announcements regarding the utilization of funds raised.
Subsequent financial results post-capital infusion.
MEDIUM RISK
Significant dilution and reliance on investor participation for successful capital raise.
💡 Investor Takeaway
Magnus Steel's Rights Issue Committee approved terms for a Rs. 39,88,75,400 rights issue at Rs. 10.00 per share, opening Nov 12, 2026, with a 59:5 entitlement ratio.
⚖️ Strengths & Concerns
✅ Positives
- Definite capital raise of Rs. 39,88,75,400 is approved, providing clarity on funding.
- A clear record date of October 27, 2026, is set for determining eligible shareholders.
⚠️ Concerns
- The rights issue entails a significant increase in equity shares from 33,80,300 to 4,32,67,840.
- The entitlement ratio of 59 shares for every 5 shares held indicates substantial dilution for existing shareholders.
❓ Frequently Asked Questions
What is the total value of the rights issue approved by Magnus Steel?
Magnus Steel has approved a rights issue aggregating Rs. 39,88,75,400/-.
What is the issue price for the Magnus Steel rights issue?
The rights issue price is Rs. 10.00/- per fully paid-up equity share.
When is the record date for the Magnus Steel rights issue?
The record date for determining eligible shareholders is Tuesday, October 27, 2026.
What is the entitlement ratio for the Magnus Steel rights issue?
The entitlement ratio is 59 (Fifty Nine) Equity Shares for every 5 (Five) Equity Shares held as of the record date.
What are the opening and closing dates for the Magnus Steel rights issue?
The rights issue opens on Thursday, November 12, 2026, and closes on Tuesday, December 01, 2026.
Questions based on this BSE filing only. For information purposes.