4,78,435 equity shares allotted to a non-promoter entity on preferential basis at Rs. 1,994/- per share
Board approved allotment of 4,78,435 fully paid-up equity shares of face value Rs. 10/- each to AP Jupiter Holdings II, Ltd., a Non-Promoter entity.
By ScoutQuest · · 2 min read
- Shares Allotted
- 4,78,435 fully paid-up equity shares of face value Rs. 10/- each
- Issue Price
- Rs. 1,994/- per share (premium Rs. 1,984/-)
- Total Allotment Value
- Rs. 95.4 crore
The allotment follows the company's intimation dated August 22, 2026, the shareholders' approval by special resolution through Postal Ballot on September 21, 2026, and the in-principle approval given by NSE and BSE dated October 06, 2026.
What the company allotted
- 4,78,435 fully paid-up equity shares of face value Rs. 10/- each.
- Allotted to AP Jupiter Holdings II, Ltd., described in the update as a Non-Promoter entity.
- By way of preferential issue on a private placement basis, against cash consideration.
- Issue price of Rs. 1,994/- per equity share, including a premium of Rs. 1,984/- per share.
- The allotment aggregates to Rs. 95.4 crore.
Where the share capital stands now
- The paid-up equity share capital has increased to Rs. 75.61 crore, made up of 7,56,06,133 fully paid-up equity shares of Rs. 10/- each.
- The newly allotted shares rank pari-passu, in all respects, with the existing equity shares of the company.
About the allottee
- The number of investors in this allotment is 1 (One).
- After the allotment, AP Jupiter Holdings II, Ltd. holds 4,78,435 shares, or 0.63% of the post allotment shareholding.
- The entity is classified as a non-promoter.
What happens next
- The company will make applications to the stock exchanges for listing and trading approval for the newly allotted equity shares in due course of time.
How a retail investor might read it
- The company has brought in fresh money of Rs. 95.4 crore by issuing new shares, instead of raising funds through borrowing.
- Because new shares have been issued, the total number of shares in issue has gone up. An existing shareholder's holding therefore represents a slightly smaller proportion of the company than before, which is the usual effect of a fresh issue of shares.
- The shares were issued at Rs. 1,994/- each, a price well above the Rs. 10/- face value, with Rs. 1,984/- of that amount being premium.
- The subscribing entity is a non-promoter and its holding after the allotment is 0.63%.
- The company has also stated that an application will be made to the exchanges for listing and trading approval of these shares.
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Auditor certificate under Reg 169(5) of SEBI ICDR Regulations for preferential allotment of 4,78,435 equity shares
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Inter-se gift transfer of 21,62,891 shares within promoter family; no change in control or management
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More numbers
- Equity shares allotted on preferential basis4,78,435
- Face value per equity shareRs. 10/-
- Issue price per equity shareRs. 1994/-
- Premium per equity shareRs. 1984/-
- Total amount of the preferential issueRs. 95,39,99,390/-
- Paid-up equity share capital after allotmentRs. 75,60,61,330/-
- Total fully paid-up equity shares after allotment7,56,06,133
- Allottee's post allotment shareholding0.63
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