Trading Approval letter is attached.
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Awaiting price reaction for this filing.
BSE has granted trading approval for Jonjua Overseas Ltd's preferential issue of 72,41,468 equity shares of Rs. 10 each at a premium of Rs. 2.25 per share (total issue price Rs. 12.25). The shares were issued to promoter and non-promoter categories on a preferential basis. These shares are now listed and available for trading on the BSE SME platform effective May 30, 2025. The total capital raised is approximately Rs. 8.87 crore. The company is listed on BSE SME (Scrip Code: 542446).
Existing shareholders may see dilution of their holdings due to the issuance of over 72 lakh new shares. The low premium of Rs. 2.25 over face value suggests the shares were allotted at a modest price, which could weigh on the stock sentiment in the short term.