Stock Report

Ravindra Energy approves Rights Issue allotment, Paid-Up Capital Swells to ₹198.5 Crore

Posted On : 2026-06-26 12:20:13( TIMEZONE : IST )

Renewable energy solutions provider Ravindra Energy Limited (NSE: RELTD | BSE: 504341) has officially completed its equity fundraising via a rights issue, securing ₹200.54 crore (₹2,005.35 million) from eligible investors. The company's Finance Committee finalized the allotment of new shares during a late-evening board-authorized meeting.

Rights Issue Metrics & Pricing Architecture

Following up on its preliminary rights issue proposals initiated on May 16 and May 27, 2026, the company closed the transaction in accordance with the formal Letter of Offer dated June 3, 2026, and its subsequent corrigendum dated June 12, 2026. The key financial details approved by the committee include:

Total Shares Allotted: The company approved the issuance of 1,98,54,940 fully paid-up equity shares to eligible existing shareholders and their legal renouncees.

Allotment Price: The equity shares, holding a face value of ₹10/- each, were issued and allotted at a final price of ₹101/- per share.

Premium Breakdown: The final price includes a share premium of ₹91/- per equity share. The newly allotted shares will rank pari-passu (equally) in all aspects with the bank's existing equity shares.

Capital Base Expansion

Consequent to the fresh allotment of these nearly 1.99 crore shares, Ravindra Energy's equity base has expanded significantly. The post-allotment capital structure stands as follows:

Issued Share Capital: ₹2,01,04,94,030 divided into 20,10,49,403 equity shares of face value ₹10/- each.

Paid-Up Share Capital: ₹1,98,54,94,030 divided into 19,85,49,403 equity shares of face value ₹10/- each.

Shares of Ravindra Energy Ltd was last trading in BSE at Rs. 161.10 as compared to the previous close of Rs. 160.25. The total number of shares traded during the day was 45267 in over 911 trades.

The stock hit an intraday high of Rs. 165.35 and intraday low of 157.70. The net turnover during the day was Rs. 7289028.00.