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Awaiting price reaction for this filing.
Marg Techno Projects Ltd has received in-principle approval from BSE (letter dated 28/11/2025) to issue 42,00,000 equity shares of Rs. 10 face value each at a price not less than Rs. 50 per share, on a preferential basis to Promoters and Non-Promoters. At the minimum floor price of Rs. 50, the company stands to raise approximately Rs. 21 crore (42 lakh shares × Rs. 50). This is only the in-principle approval — the actual allotment is still pending and will be subject to SEBI ICDR Regulations and Companies Act compliance. The issue price implies a 5x premium over face value, but how it compares to the prevailing market price will determine attractiveness for existing shareholders.
This preferential allotment will dilute existing shareholders once allotted; the size of the dilution and whether the Rs. 50 floor price is above or below current market price will influence short-term sentiment. The infusion, if completed, will strengthen the company's capital base.