Skipper allots 92.23 lakh shares at Rs 470, raises about Rs 433.5 crore
SKIPPER · price
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Skipper Limited has allotted 92,23,402 equity shares at Rs 470 each on a preferential basis to five non-promoter allottees, raising about Rs 433.5 crore. The price includes a premium of Rs 469 per share over face value of Rs 1. Key allottees include Smallcap World Fund Inc (about Rs 277 crore), Cohesion Mk Best Ideas Sub-Trust (about Rs 75 crore), Emerge Private Opportunities Trust I (about Rs 50 crore), Bandhan Small Cap Fund (about Rs 23.5 crore) and American Funds Insurance Series Global Small Capitalization Fund (about Rs 7.6 crore). Post-allotment equity capital rises to 12.21 crore shares from 11.29 crore, an about 8.2 percent dilution.
About 8.2 percent dilution for existing shareholders, but strong capital raise with marquee global investors signals long-term institutional confidence.