The Company has received listing approval for 17,70,000 equity shares issued on preferential basis
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suditi Industries has received approval from BSE to list 17,70,000 new equity shares of face value ₹10 each, issued at a premium of ₹17.50 (effective issue price ₹27.50 per share) on a preferential basis to non-promoter entities. The shares carry distinctive numbers from 3,36,06,292 to 3,53,76,291. Trading approval is still pending — the company now needs to file NSE approval (if applicable) and confirmation from NSDL/CDSL about crediting shares to demat accounts and any applicable lock-in requirements within seven working days. Once trading approval is granted, the new shares will become eligible for trading on the exchange.
Existing shareholders will see dilution of their stake due to the issuance of 17.7 lakh new shares to non-promoters. However, the company is raising capital at a premium, which is a positive sign. Expect increased float and potential trading activity once these shares begin trading.