Kingfa Science & Technology (India) Limited has informed the Exchange regarding allotment of 14,40,920 securities pursuant to board resolution passed by Directors of the company by circulation on September 24, 2025
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Kingfa Science & Technology (India) has allotted 14,40,920 fully paid-up equity shares at Rs. 3,470 per share (face value Rs. 10, premium Rs. 3,460) on a preferential basis, raising about Rs. 499.99 crore in cash. The allotment was approved by the board via circular resolution on September 24, 2025, following an EGM notice dated August 22, 2025. The shares were issued to 7 non-promoter investors, including 5 SBI Mutual Fund schemes, one foreign portfolio investor (Custody Bank of Japan / Amundi India Small Cap Equity Mother Fund), and one Category III AIF (Sanshi Fund). After this allotment, the company's paid-up equity share capital rises from Rs. 12.11 crore (1.21 crore shares) to Rs. 13.55 crore (1.355 crore shares).
This is a significant capital infusion of roughly Rs. 500 crore from marquee institutional investors (predominantly SBI Mutual Fund schemes), which strengthens the company's balance sheet. Existing shareholders will see dilution of about 11.9% as the share count increases, but the strong institutional participation signals confidence in the company's prospects.