Steelco Gujarat Ltd allots 13,30,060 equity shares on rights basis

Steelco Gujarat Limited had earlier announced the Rights Issue of up to 13,30,060 fully paid-up equity shares of face value of Rs. 10/- each for cash, at a price of Rs. 112/- per Rights Equity Share (including a premium of Rs. 102/- per Rights Equity Share) aggregating up to Rs. 1489.66 Lakhs.

The Rights Issue opened on 25th May, 2026 and closed on 04th June, 2026.

Pursuant to the finalisation of the basis of allotment of the Rights Issue, in consultation with the Registrar to the Issue and as approved by BSE Limited, being the Designated Stock Exchange for the Issue, the Board of Directors, at its meeting held today i.e. Saturday, 06th June, 2026, has, considered and approved the allotment of 13,30,060 fully paid-up Equity Shares of face value of Rs. 10/- each on Rights Basis to the eligible shareholders and/or renouncee(s) in terms of the Letter of Offer dated 09th May, 2026, at an issue price of Rs. 112/- per Equity Share (including a premium of Rs. 102/- per Equity Share).

Accordingly, pursuant to the aforesaid allotment, the paid-up equity share capital of the Company has increased from Rs. 4,96,60,120/- divided into 49,66,012 Equity Shares of Rs. 10/- each to Rs. 6,29,60,720/- divided into 6296072 Equity Shares of Rs. 10/- each.

Shares of Steelco Gujarat Limited was last trading in BSE at Rs. 169.35 as compared to the previous close of Rs. 161.30. The total number of shares traded during the day was 6144 in over 78 trades.

The stock hit an intraday high of Rs. 169.35 and intraday low of 169.35. The net turnover during the day was Rs. 1040486.00.

Source : Equity Bulls

Keywords

SteelcoGujarat INE629B01032 Iron Steel SharesAllotment RightsIssue