Ravindra Energy Launches Rights Issue of Equity Shares Valued Up To ₹ 2,003 Million
Ravindra Energy Limited has announced a rights issue of up to 19,832,834 equity shares, offering eligible shareholders the opportunity to subscribe at a premium. The issuance is intended to support the Company's strategic business growth and repayment obligations within its associate company.The Rights Equity Shares have a face value of ₹ 10 each, with an issue price set at ₹ 101 per share, which includes a premium of ₹ 91. The offering aggregates up to ₹ 2,003.12 million (gross proceeds).
This rights issue is offered to eligible equity shareholders in the ratio of one Rights Equity Share for every nine fully paid-up Equity Shares held by the shareholder on the record date, which is set as June 8, 2026.
Key Details and Financial Positioning
Ravindra Energy Limited's financial performance provides a foundation for the issuance. As of March 31, 2026, the consolidated statements showed total income from operations at ₹ 5,432.02 million, with the company reporting a Net Worth of ₹ 4,220.16 million. This translates to a Return on net worth of 19.15%.The financial structure of the issue is outlined as follows:
| Parameter | Details |
|---|---|
| Total Rights Equity Shares Offered | Up to 19,832,834 shares |
| Face Value per Share | ₹ 10 |
| Issue Price (including premium) | ₹ 101 per share |
| Gross Proceeds of the Issue | Up to ₹ 2,003.12 million |
| Rights Entitlement Ratio | 1:9 (Rights Equity Shares to existing Equity Shares) |
Utilization and Allocation of Funds
The net proceeds from the issue are expected to amount to ₹ 1,987.12 million after factoring in estimated issue-related expenses amounting to ₹ 16 million. The Company has defined two primary objects for the utilization of these funds: investment into its associate company Energy in Motion (EIM), and general corporate purposes.The allocation plan is detailed as follows:
| Purpose of Utilization | Estimated Amount (in ₹ million) |
|---|---|
| Investment in EIM (Inter-corporate deposit/Equity for repayment of ICD borrowed by EIM from Golden Green Innovations Private Limited) | 1,500.00 |
| General Corporate Purposes | 487.12 |
| Net Proceeds | 1,987.12 |
Issue Timeline and Market Details
The Rights Equity Shares are scheduled for listing on the stock exchanges on or about July 1, 2026. Investors who subscribe to the issue have a set timeline for the process:| Milestone | Date / Duration |
|---|---|
| Record Date | June 8, 2026 |
| Issue Opening Date | June 16, 2026 |
| Last Date for On Market Renunciation of Rights Entitlements | June 19, 2026 |
| Issue Closing Date | June 24, 2026 |
| Finalisation of Basis of Allotment (on or about) | June 25, 2026 |
| Date of Listing (on or about) | July 1, 2026 |
The existing Equity Shares of the company are listed on BSE Limited and National Stock Exchange of India Limited under ISIN: INE206N01018.
RELTD Stock Price Movement
Shares of Ravindra Energy Limited on Wednesday slipped by 0.56%, settling at a close price of ₹123.35 after trading in the Capital Goods sector. The stock recorded a traded volume of 651,255 shares during the session, closing within its day range of ₹119.89 to ₹125.78.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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