Letter of Offer for the Rights Issue of Equity Shares of the Arunis Abode Limited.
Price
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Awaiting price reaction for this filing.
Arunis Abode Limited (BSE scrip code: 526935) has filed the Letter of Offer for a rights issue of up to 4,80,00,000 fully paid-up equity shares of face value Rs. 10 each. The issue price is Rs. 12.60 per share (including a premium of Rs. 2.60), aggregating to Rs. 6,048 lakhs (~Rs. 60.48 crore) assuming full subscription. The ratio is 16 rights shares for every 1 existing share held, with the record date set as August 26, 2025. The issue opens on September 3, 2025 and closes on September 11, 2025, with listing on BSE expected by September 16, 2025. Promoters are Dharmendrabhai Becharbhai Jasani, Ayush Dharmendrabhai Jasani, and Yagnik Bharatkumar Tank. The company's registered office is in Surat, Gujarat.
The steep 16:1 ratio means significant potential dilution for existing shareholders. Eligible shareholders must act between Sept 3–11 to subscribe, renounce entitlements on-market by Sept 8, or risk losing value. Non-participation could meaningfully reduce holdings.