Outcome of Right Issue Committee Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Arunis Abode Limited has completed its Rights Issue, allotting 4,80,00,000 (4.8 crore) fully paid-up equity shares to eligible shareholders at Rs. 12.60 per share (face value Rs. 10, premium Rs. 2.60). The total issue size is Rs. 6,048 lakhs (about Rs. 60.48 crore). The offer opened on September 3, 2025 and closed on September 11, 2025, with the committee finalising the allotment on September 12, 2025. Post-issue, the company's paid-up share capital jumps from 30 lakh shares (Rs. 3 crore) to 5.1 crore shares (Rs. 51 crore) — a 17-fold increase, which is highly dilutive for shareholders who did not subscribe. The issue price carries only a modest premium over face value, suggesting the company was keen to ensure subscription by keeping pricing attractive.
Existing shareholders who did not exercise their rights face a sharp dilution of roughly 94% in their ownership stake. For those who subscribed, the cost was Rs. 12.60 per share. The stock price may see pressure as the large new float becomes tradable, though the low premium pricing may limit downside if the capital is put to productive use.