Submission of revised Letter of Offer
Price
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Awaiting price reaction for this filing.
Josts Engineering Company Ltd has submitted a revised Letter of Offer to BSE for a rights issue of up to 18,47,913 equity shares of face value ₹1 each at an issue price of ₹270 per share (including a premium of ₹269), aggregating up to ₹4,989.37 lakhs (approximately ₹49.89 crore). The issue is being offered to eligible equity shareholders in the ratio of 5 rights shares for every 27 fully paid-up shares held on the record date, August 20, 2025. The issue opens on August 29, 2025 and closes on September 9, 2025, with the last date for on-market renunciation being September 3, 2025. The company's promoters include Krishna Agarwal, Jai Prakash Agarwal, Anita Agarwal, Rajendra Kumar Agarwal, Vishal Jain, and Shikha Jain.
Eligible shareholders must decide whether to subscribe to their rights entitlement by September 9, 2025, or renounce/sell their rights by September 3, 2025, otherwise their shareholding will be diluted by approximately 18.5%. The sizeable ₹49.89 crore fundraising may create short-term price pressure depending on shareholder participation levels.