Shah Metacorp Limited has informed the Exchange regarding allotment of 97163362 securities pursuant to Rights Issue at its meeting held on Jun 30, 2026
SHAH · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.6 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shah Metacorp has allotted 9.71 crore equity shares through a rights issue at ₹4.86 per share (face value ₹1, premium ₹3.86), raising about ₹47.22 crore including ₹15.37 crore from conversion of a promoter's unsecured loan. The issue was offered in a ratio of 36 shares for every 311 held and saw a 94.82% subscription level, with 1,036 allottees participating. Paid-up equity capital rose from 88.52 crore to 98.24 crore shares, an increase of about 11%, while promoter holding moved up marginally from 29.15% to 29.49%.
Shareholders face roughly 11% dilution from the new shares, but strong promoter participation via loan conversion signals insider confidence. The high subscription rate suggests reasonable investor interest, though the small issue size and slight promoter holding change mean limited long-term price impact.