Balrampur Chini Mills Limited has informed the Exchange regarding 'Intimation of receipt of In-Principle approval for Preferential Issue under Regulation 28(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
BALRAMCHIN · price
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Balrampur Chini Mills Limited has received in-principle approval from both NSE and BSE for issuing up to 93,16,771 equity shares of Re. 1 face value each on a preferential basis. The shares are priced at Rs. 483 per share (including a premium of Rs. 482 per share), meaning the issue is at a massive 482x premium over face value. Based on the share count and issue price, the total issuance is approximately Rs. 450 crore. The approvals (NSE ref: NSE/LIST/54897; BSE ref: LOD/PREF/DA/FIP/292/2026-27) were received on 27th May 2026. The exchanges have imposed conditions requiring the company to strengthen internal controls to prevent intra-day trading by allottees before the shares are allotted. The allottees have not been named in the filing.
This is a significant capital raise of approximately Rs. 450 crore via a preferential allotment. The extreme premium pricing (482x face value) suggests the allottees are strategic or marquee investors. Existing shareholders may face dilution but the capital infusion can support growth or deleveraging.