Shraddha Prime Projects Ltd
Shraddha Prime Projects Ltd Announces Rights Issue of ₹96.96 Crore
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 07 Oct 2026, 05:41 PM IST · BSE ID: 815a64c4-6df8-45b7-b8b6-c06f3761a6c6
View Original BSE Filing (PDF)
💡
In Simple Terms
Shraddha Prime Projects is raising funds through a rights issue, offering shares to existing shareholders at a set price.
🤖 AI Summary
- Shraddha Prime Projects announced a Rights Issue of Equity Shares to raise ₹96.96 crore.
- The issue comprises 60,60,150 Equity Shares at an issue price of ₹160 per share.
- Eligible shareholders will receive 3 Rights Shares for every 20 Equity Shares held.
- ₹144 per share is payable on application, with the balance payable on a subsequent call.
- The Record Date for the Rights Issue is October 15, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Rights Issue Size
₹96.96 crore
Rights Shares
60,60,150 Equity Shares
Issue Price
₹160 per share
Amount Payable on Application
₹144 per share
Subsequent Call
₹16 per share
Rights Entitlement
3 Rights Shares for every 20 Equity Shares
Record Date
October 15, 2026
🏢 How This Affects the Company
The fundraise is intended to support the company's working capital requirements and enable progress on ongoing developments and its project pipeline.
The rights issue will strengthen the company's financial flexibility by injecting approximately ₹96.96 crore, impacting its cash and equity structure.
The proceeds are expected to enable enhanced execution capabilities and pursue opportunities aligning with the company's long-term growth strategy.
👥 What This Means For Shareholders
✅
Action Required
Eligible shareholders must review the offer documents and decide whether to subscribe to their rights entitlement by the stipulated deadlines.
👤
Who Is Affected
Shareholders as of the Record Date of October 15, 2026, will receive rights to subscribe to new shares at ₹160 each.
🔍
Management Signal
Management is signaling a commitment to growth and financial strengthening through equity infusion from existing shareholders.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Opening of the Rights Issue subscription period.
Receipt of all statutory and regulatory approvals.
Completion of the Rights Issue and allotment of shares.
MEDIUM RISK
Rights issue is subject to regulatory approvals and requires shareholder capital commitment.
💡 Investor Takeaway
Shraddha Prime Projects is raising ₹96.96 crore via rights issue at ₹160 per share ( ₹10 face value, ₹150 premium), with 3 shares for every 20 held, record date October 15, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Rights Issue size of ₹96.96 crore to bolster company finances and support growth initiatives.
- Clear entitlement ratio of 3 Rights Shares for every 20 Equity Shares held for shareholders.
⚠️ Concerns
- ₹144 payable on application with a balance ₹16 on subsequent call, requiring future capital commitment from shareholders.
- Issue is subject to statutory and regulatory approvals, indicating potential delays or conditions.
📅 Company Track Record
Previously, on March 20, 2026, the Board approved a rights issue of ₹9,700 lakhs, with pricing and terms pending committee decision and regulatory clearance.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the total amount Shraddha Prime Projects aims to raise through its rights issue?
Shraddha Prime Projects aims to raise approximately ₹96.96 crore through the proposed Rights Issue of Equity Shares.
What is the issue price for the Rights Issue of Shraddha Prime Projects?
The Rights Issue price is ₹160 per Equity Share, including a premium of ₹150 per share.
How many rights shares can an eligible shareholder subscribe to?
Eligible shareholders will be entitled to subscribe to 3 Rights Equity Shares for every 20 existing Equity Shares held as on the Record Date.
What is the Record Date for Shraddha Prime Projects' Rights Issue?
The Record Date for determining the eligibility of shareholders for the Rights Issue is October 15, 2026.
How much of the Rights Issue price is payable on application?
₹144 per share will be payable on application, with the balance ₹16 per share payable on a subsequent call.
Questions based on this BSE filing only. For information purposes.