Preferential allotment: 24,39,750 equity shares allotted at Rs. 293 per share for cash
Board allotted 24,39,750 equity shares of face value Rs. 10 each at an issue price of Rs. 293 per share on a preferential basis for cash to 2 non-promoter investors, aggregating Rs. 71.48 crore.
By ScoutQuest · · 2 min read
- Equity Shares Allotted
- 24,39,750 equity shares of face value Rs. 10 each
- Issue Price
- Rs. 293 per share
- Total Amount
- Rs. 71.48 crore
What was announced
Standard Engineering Technology Ltd informed BSE Limited and the National Stock Exchange of India Limited that its Board of Directors, at a meeting held on October 16, 2026, allotted 24,39,750 fully paid-up equity shares of face value Rs. 10 each on a preferential basis, on receipt of the full consideration.
The issue in numbers
- Number of equity shares allotted: 24,39,750
- Face value per share: Rs. 10
- Issue price per share: Rs. 293
- Total amount: Rs. 71.48 crore
Who received the shares
- AGI Group Holdings Inc.: 22,77,100 equity shares
- Monoflus Pte. Ltd.: 1,62,650 equity shares
- Number of investors: 2 (two)
The allotment was made to non-promoter investors. Monoflus Pte. Ltd. held 71,70,000 equity shares before this allotment.
Terms attached to the shares
The shares allotted rank pari passu with the company's existing equity shares. The company will apply to the Stock Exchanges for listing and trading approval of the shares. The equity shares allotted to the two investors shall be locked in for a period as specified in Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
How the allotment was set up
The allotment follows the special resolution passed by the members at the Extra-Ordinary General Meeting held on August 10, 2026, and the in-principle approvals granted by BSE Limited and the National Stock Exchange of India Limited, both dated October 1, 2026. The shares were issued as a preferential issue on a private placement basis in accordance with Chapter V of the ICDR Regulations, 2018 and the applicable provisions of the Companies Act, 2013.
What a preferential allotment means for a retail shareholder
- Fresh equity shares are issued to a selected set of investors, in this case for cash.
- The company's total number of equity shares goes up by 24,39,750.
- The new shares carry the same rights as the existing equity shares, so they rank equally for dividends and voting once listed and traded.
- The allotted shares carry a lock-in as specified under Chapter V of the ICDR Regulations, meaning the allottees cannot sell them during that lock-in period.
- The shares will be listed only after the company receives listing and trading approval from the Stock Exchanges.
Also from Standard Engineering Technology
Standard Engineering to hold virtual group investor call with analysts on October 28, 2026
23 Oct 2026
Analyst advises against fresh buying in Standard Engineering Technology at current levels
16 Oct 2026
Board allots 24,39,750 equity shares on preferential basis at Rs. 293/- per share
16 Oct 2026
More numbers
- Total equity shares allotted24,39,750
- Face value per equity shareRs. 10/-
- Issue price per equity shareRs. 293/-
- Total consideration for the issueRs. 71,48,46,750/-
- Shares allotted to AGI Group Holdings Inc.22,77,100
- Shares allotted to Monoflus Pte. Ltd.1,62,650
- Monoflus Pte. Ltd. holding before the allotment71,70,000
- Number of investors in the preferential issue2 (Two)
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