Sadhana Nitrochem Limited Allots Equity Shares on Preferential Basis at ₹ 2.06 Per Share
Sadhana Nitrochem Limited announced the issue and allotment of Equity Shares to investors on a preferential basis, effective June 1, 2026. The company plans to allot 6,75,00,000 Equity Shares, each having a face value of Re. 1.The pricing mechanism for the preferential allotment was determined following a valuation discovery process conducted in consultation with the National Stock Exchange of India Limited.
The company confirmed that the issue/allotment price of the equity share remains at ₹ 2.06 per equity share, which is higher than the floor price calculated for the transaction.
Pricing Basis Details
The determination of the floor price and the subsequent calculation of the preferential allotment price followed established regulatory formulas. Based on the specified formulas, the floor price calculated for the Equity Shares was determined to be Rs. 2.05.The valuation analysis considered several metrics:
| Valuation Metric | Trading Days Period | Value per Equity Share |
|---|---|---|
| 90 trading days Volume Weighted Average Price (VWAP) | Preceding the Relevant Date | Rs. 2.05 |
| 10 trading days Volume Weighted Average Price (VWAP) | Preceding the Relevant Date | Rs. 2.03 |
The final preferential allotment price of Rs. 2.06 per equity share remains unchanged, setting it above both the 90 trading days VWAP (Rs. 2.05) and the 10 trading days VWAP (Rs. 2.03).
SADHNANIQ Stock Price Movement
Shares of SADHNANIQ are edging higher to ₹2.48 as of 12:59 PM today, gaining 1.64% from its previous close. The stock has rallied during the live trading session, maintaining its movement within the ₹2.40 to ₹2.48 intraday band.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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