Submission of newspaper advertisment regarding allotment of Equity Shares pursuant to Rights issue is enclosed.
FUNDRAISE
▲ Positive Development
LOW RISK
📅 Filed on BSE: 08 Jun 2026, 10:56 AM IST · BSE ID: 4641e39b-07f7-49af-b18e-0d4d2b33dda8
View Original BSE Filing (PDF)
💡
In Simple Terms
The company has finalized distributing new shares to eligible shareholders who applied during its recent rights offering.
🤖 AI Summary
- Steelco Gujarat completed allotment of 13,30,160 equity shares via rights issue.
- Allotment approved by the Board of Directors on June 6, 2026.
- Total successful applicants received their allocated rights equity shares.
- New shares issued at a price of Rs. 112 per share.
- Record date for the rights issue was May 15, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Number of Equity Shares allotted
13,30,160
Issue Price per Share
Rs. 112
Total Rights Issue Amount
Rs. 1489.66 Lakhs
Total Funds Raised (calculated from shares allotted * issue price)
Rs. 148,97,79,200
Paid-up Capital after Allotment
Rs. 6,29,60,720
🏢 How This Affects the Company
The issuance of 13,30,160 equity shares increases the company's paid-up capital and equity base. The total funds raised via this allotment are Rs. 148,97,79,200.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders as the allotment process is complete.
👤
Who Is Affected
Shareholders who participated in the rights issue have been allotted new equity shares.
🔍
Management Signal
Management's successful execution of the rights issue demonstrates its commitment to capital raising for business objectives.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Financial results for Q2 FY27 to assess utilization of funds.
Any subsequent announcements regarding the unsubscribed shares.
Company's operational performance post capital infusion.
LOW RISK
The filing is a procedural update on a completed capital raise.
💡 Investor Takeaway
Steelco Gujarat has allotted 13,30,160 equity shares at Rs. 112 each, raising Rs. 148,97,79,200 through its rights issue.
⚖️ Strengths & Concerns
✅ Positives
- Completion of rights issue allotment signals successful capital infusion for company operations.
- Issue price of Rs. 112 per share (including Rs. 102 premium) achieved, indicating investor confidence.
⚠️ Concerns
- 209 applications totaling 60,95,578 equity shares were received due to technical reasons.
- 18,43,772 equity shares remained unsubscribed and will be dealt with as per the Offer Document.
📅 Company Track Record
Steelco Gujarat fixed May 15, 2026, as the record date for its rights issue to raise up to Rs. 1489.66 Lakhs. The Board approved the rights issue allotment on June 6, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
How many equity shares has Steelco Gujarat allotted in its rights issue?
Steelco Gujarat has allotted 13,30,160 equity shares pursuant to its rights issue.
What is the issue price per share for Steelco Gujarat's rights issue?
The issue price for the rights equity shares was Rs. 112 per share, including a premium of Rs. 102.
What is the total amount raised by Steelco Gujarat from this rights issue allotment?
The company has raised Rs. 148,97,79,200 from the allotment of 13,30,160 equity shares at Rs. 112 each.
When was the record date for Steelco Gujarat's rights issue?
The record date for the rights issue was Friday, May 15, 2026.
Questions based on this BSE filing only. For information purposes.