Allotment of 1,00,00,000 equity shares of Rs. 10 each at an issue price of Rs. 20 on Preferential Basis
Awaiting price reaction for this filing.
The Board of Axentra Corp Ltd approved the allotment of 1 crore equity shares on a preferential basis to non-promoter investors on February 25, 2026. The shares have a face value of Rs. 10 each but were issued at Rs. 20 per share, i.e., at a 100% premium to face value, raising a total of Rs. 20 crore. The allottees are four investment funds — JL Maha Investment Fund PCC-QYX Strategy, Altitude Investment Fund PCC-Cell 1, Green Horizon Fund PCC-Cell 1, and Minerva Ventures Fund — with each fund receiving 25 lakh shares. The company was formerly known as Dugar Housing Developments Limited.
The Rs. 20 crore preferential raise at a 100% premium signals strong investor interest and brings fresh capital into the company, but the 1 crore new shares will dilute existing shareholders' stake. Retail investors should watch how the funds are deployed and check post-allotment shareholding patterns.