Hubtown Limited has informed the Exchange about issue of Securities
HUBTOWN · price
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Awaiting price reaction for this filing.
Hubtown Limited's board, at its meeting on August 30, 2025, approved issuing up to 1,46,80,249 equity shares at ₹341 per share (face value ₹10) to private (non-promoter) investors on a preferential basis, raising up to about ₹500.60 crore. The allotment list includes 101 allottees — a mix of HNIs, family offices, LLPs, and a few funds such as Abakkus Diversified Alpha Fund, Abakkus Diversified Alpha Fund-2, Swyom India Alpha Fund, Aryabhata Global Assets Funds ICAV (foreign), and Cullinan Opportunities Fund VCC (foreign). The largest single allottee is Altius Global Finance Private Limited at ~₹80 crore. An Extra Ordinary General Meeting has been called for September 23, 2025 to seek shareholder approval for the issue.
If approved, the stock will see meaningful equity dilution (~1.47 crore new shares) but the company will strengthen its balance sheet with around ₹500 crore of fresh capital. Short-term share price may face pressure due to dilution, while the broad spread of 101 small-to-mid allottees at a uniform price suggests reasonable demand support.