Magson Retail And Distribution Allots CCDs and Equity Shares in Preferential Offer
Magson Retail And Distribution Limited has finalized the allotment of Compulsorily Convertible Debentures (CCDs) and fully paid-up Equity Shares following a preferential issue. The allotment was approved by the Board of Directors on August 4, 2026.The company successfully concluded the offer period for both the CCDs and Equity Shares, which ran from July 28, 2026, to August 3, 2026. The total allocation was made to Non-Promoters in accordance with the preferential issue guidelines.
During this transaction, Magson Retail And Distribution Limited issued 300,000 units of 0% Unsecured Compulsory Convertible Debentures (CCDs) and 61,200 Fully Paid-up Equity Shares. The CCDs were issued at their face value of INR 100 per unit, raising a total amount of INR 3,00,00,000/- (Three Crores only).
The Equity Shares, which have a face value of INR 10 each, were allotted at an issue price of INR 163.48 per share to Non-Promoter Allottees. The total consideration received for the equity shares amounted to INR 1,00,04,976/- (Rupees One Crore Four Thousand Nine Hundred and Seventy-Six only).
The successful subscription outcome reported by the company indicates that all CCDs and Equity Shares were fully subscribed during the offer period.
Allotment Details Summary
The following table summarizes the allocation of securities:| Security Type | Total Units Allotted | Face Value (per unit) | Issue Price/Price Realized (per unit) | Total Consideration Received |
|---|---|---|---|---|
| 0% Unsecured CCDs | 3,00,000 | INR 100 | INR 100 | INR 3,00,00,000/- |
| Fully Paid-up Equity Shares | 61,200 | INR 10 | INR 163.48 | INR 1,00,04,976/- |
The CCDs issued to the company’s allottee were convertible into Equity Shares of the Company having a face value of INR 10 each, within a period not exceeding 18 months from the date of Allotment.
Impact on Capital Structure
Following the successful allotment of the new equity shares, the Paid-up Equity Share Capital of Magson Retail And Distribution Limited has increased as follows:| Particulars | Number of Equity Shares | Amount (In Indian Rupees) |
|---|---|---|
| Existing Paid-up Equity Share Capital | 1,41,87,894 | INR 14,18,78,940 |
| Post Allotment Paid-up Equity Share Capital | 1,42,49,094 | INR 14,24,90,940 |
Details of the allottees for both the CCDs and the Equity Shares are provided in the relevant annexures.
MAGSON Stock Price Movement
As of 2:34 PM, shares of Magson Retail And Distribution Limited are edging higher to ₹180 as the stock maintains its level amidst current market activity. The equity is trading within a wide band ranging from ₹144.00 to ₹216.00, reflecting active intra-day participation in the SME segment.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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