In furtherance to the approval of Board of Directors of the Company dated 13th May 2025, shareholders' approval dated 9th June 2025 and in-principle approval received from BSE dated 2nd ....
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On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.4 pts more than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Indian Link Chain Manufacturers has allotted 19,75,000 equity shares of face value ₹10 each at a price of ₹71 per share (including ₹61 premium), raising ₹14.02 crore in total. The shares were allotted to 12 non-promoter allottees, with the largest being Rajendra Chodankar (10 lakh shares for ₹7.10 crore), followed by Leena Sachin Shetty (2 lakh shares) and Ingenius Investment Advisors LLP (1.25 lakh shares). Post-allotment, the company's paid-up equity capital has increased nearly 5x from ₹50 lakh (5 lakh shares) to ₹2.475 crore (24.75 lakh shares). The company has received BSE in-principle approval and will apply for listing and trading approval shortly.
This is a significant equity dilution event for existing shareholders, with the share count increasing by approximately 80%. While the issue is at a premium to face value, the massive expansion of the equity base could weigh on earnings per share. Shareholders should monitor how the raised capital of ₹14.02 crore is deployed by the company.