Shah Metacorp Allots 97 Million Shares Through Rights Issue; Paid-up Capital Reaches ₹98 Crore
Shah Metacorp Limited has announced the allotment of equity shares following its rights issue, boosting the company's paid-up capital. The Rights Issue Committee approved the allotment on June 30, 2026, after the offering was finalized.The company offered up to 10,24,68,139 equity shares of face value ₹ 1/- each at an issue price of ₹ 4.86 per Rights Equity Share. The committee subsequently approved the allotment of 9,71,63,362 Rights Equity Shares at the same issue price.
The Rights Issue saw a strong response from eligible shareholders, with the net subscription reaching 94.82% of the Issue Size. The total amount raised through this issuance was ₹ 47,22,13,943.32.
Capital Structure Post Allotment
The completion of the rights issue has resulted in a significant increase in Shah Metacorp's paid-up equity capital.
A comparison of the company’s financial status before and after the share allotment is detailed below:
| Particulars | Pre-Issue Status | Post-Allotment Status |
|---|---|---|
| Paid-Up Equity Capital | ₹ 88,52,10,866 (88,52,10,866 shares) | ₹ 98,23,74,228 (98,23,74,228 shares) |
| Issue Size Offered | Not Applicable | Up to 10,24,68,139 Shares |
| Total Allotted Shares | Not Applicable | 9,71,63,362 Shares |
Promoter Holding Details
The allotment also included shares allocated to the promoter. Out of the total allotted shares, 3,16,28,600 shares were given to Promoter Mrs. Mona Viral Shah via loan conversion.
As a result of this issuance, the company's pre-issue Promoter and Promoter Group holding stood at 29.15% (25,80,37,226 shares). Post-allotment, the Promoter and Promoter Group holding increased to 29.49%, comprising 28,96,65,826 shares.
Key details from the Rights Issue include:
| Particulars | Details |
|---|---|
| Type of Issuance | Rights Issue |
| Face Value | ₹ 1 per share |
| Issue Price | ₹ 4.86 per share (premium ₹ 3.86) |
| Allotment Date | June 30, 2026 |
| Rights Entitlement Ratio | 36 RES for every 311 equity shares held |
| Record Date | May 27, 2026 |
SHAH Stock Price Movement
As of 12:01 PM, shares of Shah Metacorp Limited surge by 2.96%, trading at ₹4.17 today. The stock trades on a volume of 500,857 shares, holding steady within its intraday range of ₹4.11 to ₹4.19.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.