Tinna Rubber and Infrastructure Limited has informed the Exchange about institutional Placement Programme that Pursuant to Qualified Institutions Placement, 886257 equity shares alloted to eligible qualified institutional buyers shall be listed and admitted to trading on NSE and BSE, effective from Wednesday, July 02, 2025 as per their approval and submission made hereunder
TINNARUBR · price
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Tinna Rubber and Infrastructure Limited has received approval from NSE and BSE for listing of 8,86,257 equity shares of Rs. 10 face value each, allotted to eligible Qualified Institutional Buyers (QIBs) under a Qualified Institutions Placement. The shares were allotted on June 27, 2025 at an issue price of Rs. 888 per share, and will be admitted to trading from July 2, 2025. These new shares rank pari-passu with the company's existing equity shares, carrying distinctive numbers 17217151 to 18103407. The total amount raised through this QIP is approximately Rs. 78.7 crore. The company had previously communicated about the QIP on June 24 and June 27, 2025.
The listing of new shares will increase the total share count and may lead to short-term dilution pressure on the stock price. However, the company has successfully raised approximately Rs. 78.7 crore from institutional investors, which is a positive sign of institutional confidence. Existing shareholders should note the expanded equity base when evaluating their holdings.