Allotment of 19,57,458 equity shares at an issue price of Rs. 1460.50 per share on a Preferential Basis
LLOYDSME · price
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Lloyds Metals and Energy has allotted 19,57,458 equity shares to specific investors at a price of Rs. 1,460.50 per share under the preferential allotment route. The total capital raised from this allotment is approximately Rs. 285.9 crore. Preferential allotments allow companies to issue shares directly to chosen investors without a public offering. The price has been determined as per SEBI's pricing guidelines for such issues.
Existing shareholders will see a marginal dilution in their holding due to the issuance of new shares. The fresh capital may strengthen the company's balance sheet for growth, capex, or working capital needs, though specific end-use of funds is not mentioned in this filing.