Sadhana Nitrochem allots 6.75 crore shares at Rs 2.06 on preferential basis
SADHNANIQ · price
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On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sadhana Nitrochem is allotting 6,75,00,000 equity shares of Re. 1 face value on a preferential basis at Rs. 2.06 per share. The SEBI-determined floor price was Rs. 2.05 (based on 90-day VWAP), while the 10-day VWAP was Rs. 2.03. The issue price of Rs. 2.06 is slightly above the floor price. This follows an EGM notice dated April 29, 2026 and a corrigendum from May 12, 2026.
Issuing 6.75 crore new shares will dilute existing shareholders. Pricing near floor price may be seen as neutral for the stock.