KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation has received trading approval from BSE for 11,31,068 equity shares of face value Rs. 5 each, issued at a premium of Rs. 202 per share to non-promoters on a preferential basis. These shares will start trading on BSE from January 22, 2026. The total capital raised through this preferential allotment is approximately Rs. 23.4 crore (11.31 lakh shares × Rs. 207 total issue price). The shares carry distinctive numbers from 106890706 to 108021773.
This is a dilution event for existing shareholders as new shares are being introduced into the market from non-promoter allottees. While the high premium signals confidence in the company's valuation, the increased share supply could put mild short-term pressure on the stock price once these shares begin trading.