Allotment of 3,00,00,000 equity shares of Rs. 1/- each at an issue price of Rs. 1.50 per shares aggregating to Rs. 4,50,00,000/- on a preferential basis.
Awaiting price reaction for this filing.
Shivamshree Businesses Ltd has allotted 3,00,00,000 (3 crore) equity shares at Rs. 1.50 per share, raising Rs. 4.5 crore in total. The face value is Rs. 1 per share, meaning a premium of Rs. 0.50 was charged on each share. The shares were issued on a preferential basis to 13 allottees, most of whom appear to be related individuals, HUFs, and a private limited company (Shivam Greentech Pvt Ltd), all classified under the 'Non-Promoter' category. Post-allotment, the company's paid-up share capital will rise to 7,56,50,000 equity shares worth Rs. 7.56 crore. The company has received 100% of the consideration, and BSE had given its in-principle approval on April 23, 2025. The allotted shares will be subject to the standard lock-in period under SEBI rules.
This is a small preferential issue (Rs. 4.5 crore) that will dilute existing shareholders by roughly 65-66% (3 crore new shares on a pre-issue base of ~4.56 crore shares). Shareholders should note the significant expansion of the share base and the concentration of new shares among a small group of related allottees, which could affect float and voting patterns.