Board allots 15.18 lakh public shares at Rs 205
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The board allotted 15,18,500 shares to public non-promoter investors for cash at Rs 205 each, Rs 195 above face value, after receiving the subscription money. Total funds raised were Rs 31,12,92,500. Paid-up capital increased to Rs 13,12,55,000, divided into 1,31,25,500 shares, from Rs 11,60,70,000 and 1,16,07,000 shares.
Raises Rs 31.12 crore in cash, but the 13.1% rise in share count dilutes existing holders who did not participate. Stock impact is uncertain.