Announced Mon, 15 Jun · 15:40 IST

BSE in-principle nod for preferential issue of 2.03 cr shares at Rs 10 each

Fund Raising View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
+9.9%1-day move
₹7.19
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+9.9+14.7+17.8+23.6+29.3+27.5+1.1+11.4
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AI summary

Longspur International Ventures received BSE in-principle approval to issue 2,03,50,000 equity shares of Rs 10 face value at a price not less than Rs 10 each to promoters and non-promoters on a preferential basis. This is only a regulatory clearance, not the final allotment. The indicative issue size at face value is about Rs 20.35 crore, with actual pricing and allotment to follow.

Likely market impact

Preferential issue at face value will dilute existing shareholders. Watch for final pricing, allotment, and end-use of funds.