Aurum PropTech Limited has informed the Exchange about Preferential issue
AURUM · price
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On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 3.5 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Aurum PropTech's board approved acquiring 100% of PropTiger Marketing Services India from REA India Pte (Singapore) through an all-stock equity swap valued at INR 86.45 crore. To fund the deal, Aurum will issue 42,42,537 equity shares (face value INR 5) on a preferential basis to REA India, giving REA a 5.54% post-issue stake in the company. PropTiger is a proptech firm providing real estate marketing, advisory and facilitation services, with standalone turnover of INR 100.93 crore in FY24, up from INR 64.27 crore in FY22. The company also reported Q1 FY26 consolidated revenue of INR 6,840 lakhs and a net loss of INR 1,002 lakhs, slightly better than the INR 1,070 lakh loss in Q1 FY25. An EGM is scheduled for August 21, 2025 to seek shareholder approval for the preferential issue.
The acquisition strengthens Aurum's proptech ecosystem by adding PropTiger's real estate marketing business, but existing shareholders face ~5.54% dilution. Stock may react to the strategic value of the deal versus the dilutive impact and the swap valuation.