Longspur International Ventures Ltd Approves Phased Allotment of 33 Lakh Equity Shares in Preferential Issue
Longspur International Ventures Ltd has approved a phased allotment of equity shares through a preferential issue, significantly increasing the company’s paid-up capital. The Board of Directors, during a meeting held on June 24, 2026, sanctioned the allotment of 33,00,000 equity shares to private allottees.The Preferential Issue involved issuing 33 lakh equity shares with a face value of X 10/- each. The shares were fully paid up at an issue price of X 10 per share, leading to total proceeds amounting to up to Rs. 3,30,00,000 (Rupees Three Crores Thirty Lakh Only).
The company has received in-principle approval from the BSE Limited for the issuance of these Equity Shares on a preferential basis, with the application for listing and trading approval pending completion of due processes. The newly issued shares are confirmed to rank pari-passu with all existing equity shares of Longspur International Ventures Ltd.
Following this allotment, the total issued and paid-up equity share capital of the company has increased to 2,21,80,000 equity shares of X 10/- each fully paid up.
Subscription Details for Preferential Allotment
A total of 6 investors participated in the preferential allotment. The details concerning the subscriptions and post-allotment holding are as follows:| Name Proposed Allottees | Class Pre-Issue | Holding (%) | Shares Alloted (No.) | Post -issue Holding (No.) | Post -issue Holding (%) |
|---|---|---|---|---|---|
| Manoj Jain | Equity Shares | 20.18 | 9,50,000.00 | 47,59,098.00 | 21.46 |
| Chirag Shantilal Shah (HUF) | Equity Shares | 0 | 10,00,000.00 | 10,00,000.00 | 451 |
| Latika Jain | Equity Shares | 0 | 2,00,000.00 | 2,00,000.00 | 0.90 |
| Kamal M Bolia | Equity Shares | 0 | 5,00,000.00 | 5,00,000.00 | 2.25 |
| Dharmesh Solanki | Equity Shares | 0 | 3,50,000.00 | 3,50,000.00 | 1.58 |
| Pankaj J. Shah | Equity Shares | 0 | 3,00,000.00 | 3,00,000.00 | 1.35257 |
Summary of Allotment Details
The preferential allotment involved six investors across the various allotments. The issue price for these equity shares was fixed at Rs. 10/- per equity share.A summary of the allottees and their allocations is provided below:
| Investor Name | Shares Alloted | Category |
|---|---|---|
| Manoj Jain | 9,50,000.00 | Non -Promoter and Promoter |
| Chirag Shantilal Shah (HUF) | 10,00,000.00 | Non -Promoter and Promoter |
| Latika Jain | 2,00,000.00 | Non -Promoter and Promoter |
| Kamal M Bolia | 5,00,000.00 | Non -Promoter and Promoter |
| Dharmesh Solanki | 3,50,000.00 | Non -Promoter and Promoter |
| Pankaj J. Shah | 3,00,000.00 | Non -Promoter and Promoter |
Stock Price Movement
Longspur International Ventures Ltd concluded trading on Wednesday, settling at ₹9.65 after ticking up 3.76%.Shares moved through a volatile session, navigating an intraday range established between ₹8.84 and ₹9.65.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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