KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kothari Industrial Corporation has received BSE listing approval for 1,31,57,600 equity shares of Rs. 5 face value, issued at a premium of Rs. 67.60 per share on a preferential basis to promoters and non-promoters. The total issue size is approximately Rs. 95.5 crore (1.32 crore shares × Rs. 72.60 total price). Trading approval is still pending and requires NSE listing approval (if applicable), NSDL/CDSL credit confirmation, and lock-in confirmations, to be filed within seven working days. The shares carry distinctive numbers from 93733106 to 106890704.
The listing approval is a procedural step after a completed preferential allotment, meaning the shares can eventually be traded on BSE once remaining conditions are met. For existing shareholders, this dilutes their stake since new shares have been issued to promoters and non-promoters, but the premium pricing suggests the company raised capital at a healthy valuation.