Intimation of listing approval dated 16th July 2025 received from BSE Limited.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Coromandel Engineering Company has received listing approval from BSE for 16,49,840 fresh equity shares of Rs. 10 face value each, issued at a premium of Rs. 30.05 (i.e. at Rs. 40.05 per share) to Promoters and Non-Promoters on a preferential basis. The total funds raised through this preferential issue work out to roughly Rs. 6.61 crore. The shares carry distinctive numbers from 33233599 to 34883438. Trading approval is not yet active — BSE has said it will be granted only after the company submits NSDL/CDSL credit confirmation and lock-in confirmation for pre-preferential holdings. The intimation has been made under Regulation 30 of SEBI LODR Regulations.
Existing shareholders will see modest equity dilution (~16.5 lakh new shares added to the base). Promoter participation suggests some alignment of interest, but investors should wait for actual trading approval and lock-in details before assessing float and price impact.