Announced Wed, 1 Jul · 18:54 IST
Ravindra Energy Rights Issue Allotted, Oversubscribed at 140 Percent
Compliance View source PDF
RELTD · price
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Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹166.59
prior close
₹166.88
base price
After-mkt
timing
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AI summary
Ravindra Energy has completed its rights issue of 19,854,940 equity shares at Rs 101 each, raising up to Rs 200.54 crore on a 1 for 9 ratio basis. The issue was oversubscribed at 140.38 percent, receiving 2,483 valid applications for 27,872,121 shares against the offered size. Allotment was finalised on June 25, 2026, and the new shares will begin trading on BSE and NSE from July 1, 2026.
Likely market impact
New shares start trading from July 1, 2026; oversubscription signals strong demand; existing shareholders face dilution from the expanded share base.