Announced Wed, 29 Apr · 17:56 IST

Issue of 9,50,000 Shares on Preferential basis

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+2.7%1-day move

₹68.19

prior close

₹70.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0+2.7+0.2+3.6+19.7+13.0+7.1+12.8+7.1-26.7—

Up moveDown movePending

AI summary

National Oxygen Limited's board has approved issuing 9.5 lakh equity shares at Rs. 93.80 per share to Saraf Housing Development Private Limited, a promoter group company. The total fundraising amounts to Rs. 8.91 crore. The issue price is above the minimum price of Rs. 73.80 set by a registered valuer under SEBI ICDR Regulations. The company also increased its authorized share capital from Rs. 17.10 crore to Rs. 18.10 crore. Shareholder approval will be sought at an EGM scheduled for May 28, 2026.

Likely market impact

Promoter group stake will increase, diluting minority shareholders. The Rs. 8.91 crore infusion provides capital but the preferential allotment to insiders at a ~27% premium above valuation floor may raise governance concerns for retail investors.