Balrampur Chini Mills Limited Receives In-Principle Listing Approval for Preferentially Issued Shares
Balrampur Chini Mills Limited has received in-principle listing approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited concerning the allotment of equity shares issued on a preferential basis.The company confirmed that the exchanges have granted approval for 93,16,771 equity shares, which were allotted to Promoters and Non-promoters. These shares were issued at a price of Rs. 483/- per Equity Share, with a face value of Re. 1/- each.
The issuance details highlight the significant premium attached to the shares. The total issue price of Rs. 483/-, compared to the face value of Re. 1/-, means the premium per equity share is Rs. 482/-.
This in-principle approval allows the shares to be listed and subsequently admitted to dealings on both stock exchanges upon confirmation from depositories NSDL and CDSL for crediting beneficiaries' accounts.
A summary of the listing details is provided below:
| Metric | Detail |
|---|---|
| Shares Allotted | 93,16,771 |
| Face Value per Share | Re. 1/- (Rupee One only) |
| Issue Price per Share | Rs. 483/- |
| Premium per Share | Rs. 482/- |
| Issuance Basis | Preferential basis (to Promoters and Non-promoters) |
The approval granted by the exchanges allows Balrampur Chini Mills Limited to proceed with the listing of these shares on the National Stock Exchange and BSE Limited.
BALRAMCHIN Stock Price Movement
Balrampur Chini Mills Limited shares slipped on Tuesday, closing at ₹532.90 after shedding 0.49% from the previous close. The stock saw a traded volume of 292,968 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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