Bhagyanagar India Limited Allots 15,01,434 Equity Shares Through Preferential Issue
Bhagyanagar India Limited has completed the preferential allotment of equity shares, as approved by its Executive Committee in a meeting held on August 13, 2026. The allotment involves 15,01,434 equity shares of face value Rs. 2/- each, which were issued at an issue price of Rs. 348/- per share.The issuance included a premium of Rs. 346/- per share, with the total subscription amount reaching Rs. 52,24,99,032.00. This allotment aligns with the terms established in the notice of the Extra Ordinary General Meeting held on July 23, 2026.
The company's preferential issue saw participation from various investor categories, including Qualified Institutional Buyers (QIB) and Non-QIB investors. The total number of investors involved in the subscription was seven.
Details of the allotment and the participating investors are provided below:
| Allottee Name | Category | Number of Equity Shares Allotted | Issue Price | Total Subscription Amount |
|---|---|---|---|---|
| LC Pharos Multi Strategy Fund VCC - LC Pharos Multi Strategy Fund SF 1 | QIB Investor (Non Promoter) | 574,712 | Rs. 348 | Rs. 19,99,99,776 |
| Niveshaay Hedgehogs Fund | QIB Investor (Non Promoter) | 574,712 | Rs. 348 | Rs. 19,99,99,776 |
| Mr. Ashok Atluri | Non-QIB Investor (Non Promoter) | 1,14,942 | Rs. 348 | Rs. 3,99,99,816 |
| Mr. Ajay Pancholi | Non-QIB Investor (Non Promoter) | 1,00,862 | Rs. 348 | Rs. 3,50,99,976 |
| Ashika Global Finance Private Limited | QIB Investor (Non Promoter) | 57,471 | Rs. 343 | Rs. 1,99,09,908 |
| Mrs. Gulab Shrimal | Non-QIB Investor (Non Promoter) | 50,000 | Rs. 348 | Rs. 1,74,00,000 |
| Mr. Apurva Mahesh Shah | Non-QIB Investor (Non Promoter) | 28,735 | Rs. 348 | Rs. 99,99,780 |
| Total | 15,01,434 | Rs. 52,24,99,032.00 |
The allotment was processed according to the established terms of the Extra Ordinary General Meeting (EGM).
BHAGYANGR Stock Price Movement
Bhagyanagar India Limited shares shed value today, slipping by 2.16% as the equity settled near ₹362.70 after trading movements throughout the session. The stock saw a volume of 91,547 shares and ranged between a high of ₹384.40 and a low of ₹365.00.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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