Allotment of Securities - Rights Issue
Price
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StarlinePS Enterprises has allotted 10,37,52,000 (about 10.37 crore) fully paid-up equity shares through a rights issue to eligible shareholders at ₹2 per share (face value ₹1 + ₹1 premium). The issue was carried out per the Letter of Offer dated 28th August 2025, with Bigshare Services as the Registrar. With this allotment, the company's paid-up equity share capital has risen from 25,93,80,000 shares to 36,31,32,000 shares, an increase of roughly 40%. The new shares will rank equally with existing equity shares.
The rights issue raised around ₹20.75 crore for the company but expanded its share count by ~40%, which means non-participating shareholders face proportional dilution in their holdings. For subscribers, the new shares are priced at a 100% premium over face value, though the actual discount to the prevailing market price is not disclosed.