Swan Energy Limited allots 4,95,39,886 shares to QIBs at Rs. 670 per share

The Fund Raising Committee ("Committee") of Swan Energy Limited has, at its meeting held today i.e., February 29, 2024 approved the issue and allotment of 4,95,39,886 Equity Shares of face value ₹ 1 each to eligible qualified institutional buyers at the issue price of ₹ 670 per Equity Share (including a premium of ₹ 669 per Equity Share) against the floor price of ₹ 703.29 per Equity Share, aggregating to ₹33,19,17,23,620.

The Issue opened on February 20, 2024 and closed on February 28, 2024 respectively.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from ₹ 26,39,17,000, comprising of 26,39,17,000 Equity Shares to ₹ 31,34,56,886, comprising of 31,34,56,886 Equity Shares.

The allotees include:

QUANT MUTUL FUND - 89,55,223 shares
LIFE INSURANCE CORPORATION OF INDIA - 44,77,611 shares
SBI LIFE INSURANCE COMPANY LIMITED - 44,77,611 shares
LEADING LIGHT FUND VCC - THE TRIUMPH FUND - 33,58,208 shares
DOVETAIL INDIA LIMITED - 26,86,566 shares.

Shares of Swan Energy Limited was last trading in BSE at Rs. 720.25 as compared to the previous close of Rs. 753.70. The total number of shares traded during the day was 110467 in over 4072 trades.

The stock hit an intraday high of Rs. 765.95 and intraday low of 715.00. The net turnover during the day was Rs. 80923303.00.

Source : Equity Bulls

Keywords

SwanEnergy INE665A01038 FundRaising SharesAllotment QIBs QIP