KOTIC · price
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Awaiting price reaction for this filing.
Kothari Industrial Corporation has received listing approval from BSE for 1,60,49,220 equity shares of Rs. 5 face value, issued at a premium of Rs. 33.50 per share on a preferential basis to promoters and non-promoters. The total capital raised is approximately Rs. 61.78 crore (1,60,49,220 shares × Rs. 38.50 issue price). Trading approval is still pending and requires NSDL/CDSL confirmation of share crediting and lock-in compliance, and NSE listing approval if applicable. The company must apply for trading approval within seven working days from the listing approval date.
Shareholders should note potential equity dilution from 1.60 crore new shares, though the Rs. 33.50 premium signals strong demand. Promoter participation is generally viewed positively. However, the new shares are not yet tradable and the lock-in on pre-preferential holdings will restrict supply, which could affect short-term price action once trading begins.