Announced Wed, 22 Jul · 18:42 IST
Sumeet Industries allots 16.84 crore rights equity shares at Rs 11.86 each
Corporate Actions View source PDF
SUMEETINDS · price
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Price reaction · full curve 14 horizons · vs prior close
-9.7%1-day move
₹31.87
prior close
₹30.28
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-9.7-14.2————————
Up moveDown movePending
AI summary
Sumeet Industries has allotted 16,84,24,217 rights equity shares at Rs 11.86 per share (face value Rs 2) under its rights issue of up to Rs 199.75 crore. After the allotment, paid-up equity capital rose from Rs 105.26 crore (52.63 crore shares) to Rs 138.95 crore (69.47 crore shares). The board approved the allotment on July 22, 2026, based on the basis of allotment finalized with BSE as the designated stock exchange.
Likely market impact
Share count rises about 32 percent. Dilutive for existing shareholders unless the new capital delivers meaningful growth. Watch for use of proceeds.