On Door Concepts Receives In-Principle Approval for Preferential Allotment of 19,75,000 Equity Shares
On Door Concepts Limited has secured in-principle approval from the National Stock Exchange of India Limited (NSE) regarding a planned preferential issue of equity shares to nonpromoters. The approval allows the company to proceed with the allotment of 19,75,000 equity shares at a defined issue price.The NSE granted the In-Principle approval in response to the company's intimation concerning the capital raise structured for non-promoter investors. As per the details provided, the issue involves issuing equity shares with a face value of Rs. 10/- each. The approved issue price is set at Rs. 156/- per equity share, which includes a premium of Rs. 146/- per equity share over the face value.
Upon receiving this In-Principle approval, On Door Concepts Limited has been permitted to issue and allot the specified number of shares on a preferential basis. This development allows the company to move forward with the planned capital restructuring and allotment process.
Key details regarding the preferential allotment are summarized below:
| Particulars | Details |
|---|---|
| Regulatory Authority Granting Approval | National Stock Exchange of India Limited (NSE) |
| Number of Shares for Issue | 19,75,000 equity shares |
| Face Value per Share | Rs. 10/- each |
| Approved Issue Price | Rs. 156/- per equity share |
| Premium per Share | Rs. 146/- per equity share |
The approval granted by the NSE permits the company to issue and allot these shares, subject to fulfilling necessary procedural requirements.
ONDOOR Stock Price Movement
As of 12:57 PM, shares of On Door Concepts Limited are edging higher as the stock gains 1.59%, currently trading at ₹172 after rising by ₹2.70. The equity has seen active trading volume with 600 shares changing hands during the live market phase.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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