Tinna Rubber and Infrastructure Limited has informed the Exchange about institutional Placement Programme for outcome of fund raising committee meeting held on today i.e. June 27, 2025 for allotment of shares to eligible qualified institutional buyers
TINNARUBR · price
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On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.5 pts more than its Rubber peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tinna Rubber and Infrastructure Limited has completed its Qualified Institutional Placement (QIP), allotting 8,86,257 equity shares to eligible institutional buyers at ₹888 per share. The issue price includes a premium of ₹878 over the face value of ₹10, but represents a 5% discount (₹46.73 per share) to the floor price set under SEBI ICDR rules. The company raised approximately ₹78.70 crore (₹7,869.96 lakhs) through this placement. The issue opened on June 24, 2025 and closed on June 27, 2025. As a result, the company's paid-up equity capital increased from ₹17.13 crore to ₹18.02 crore, with total shares rising from 1,71,29,500 to 1,80,15,757.
The company has successfully raised fresh capital of around ₹78.7 crore from institutional investors, strengthening its equity base. However, the shares were allotted at a 5% discount to the floor price, and the issuance of new shares will lead to dilution of existing shareholders' holdings. The stock may see short-term pressure due to dilution, though the raised capital could be deployed for growth or debt reduction.