Filing of Letter of offer of Rights Issue
Price
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Awaiting price reaction for this filing.
Josts Engineering Company Ltd is launching a rights issue of up to 18,50,000 equity shares at ₹270 per share (including a premium of ₹269 over face value of ₹1), aggregating up to ₹4,995 lakhs (approx ₹49.95 crore). The ratio is 5 rights shares for every 27 fully paid-up shares held by eligible shareholders on the record date of August 20, 2025. The issue opens on August 29, 2025 and closes on September 9, 2025, with on-market renunciation allowed until September 3, 2025. The shares are listed on BSE (Scrip Code 505750), and Bigshare Services is the registrar. The company confirmed it is not classified as a wilful defaulter or fraudulent borrower by any bank or financial institution.
Existing shareholders as of August 20, 2025 will get the right to buy 5 new shares for every 27 held, which may dilute their holdings if they do not subscribe or renounce. The stock may trade ex-rights shortly before the record date, and short-term price pressure is possible depending on the discount of the issue price to the prevailing market price.