Skipper Limited Allots Nearly 92 Lakh Equity Shares on Preferential Basis; Raises Over Rs 433 Crore
Skipper Limited has approved the allotment of 92,23,402 equity shares on a preferential basis. The issue was conducted at an issue price of Rs 470/- per share, generating capital of Rs 4,33,49,98,940/- for the company.The preferential allocation followed the approval of the company's Board of Directors and has been carried out with the objective of strengthening the company's capital base. The issue price includes a share premium of Rs 469/- per equity share against its face value of Rs 1/- each.
Financial Impact of Allotment
The issuance significantly impacts the company’s capital structure. Prior to the allotment, Skipper Limited had issued and subscribed equity share capital amounting to 11,29,37,233 shares, with a paid-up capital of 11,29,04,035 shares.Following the successful allotment of the new equity shares, the company's financial standing is updated as follows:
| Capital Status | Issued Shares | Subscribed Shares | Paid Up Shares |
|---|---|---|---|
| Pre-Issue Capital | 11,29,37,233 | 11,29,37,233 | 11,29,04,035 |
| Post-Issue Capital | 12,21,60,635 | 12,21,60,635 | 12,21,27,437 |
Details of Allottees and Funds
The allotment was distributed among several institutional investors and funds. The transaction details are summarized below:| Name of Allottee | Category | Nos. of Equity Shares allotted | Issue Price (Rs.) | Amount Raised (Rs.) |
|---|---|---|---|---|
| Emerge Private Opportunities Trust I | Non- Promoter | 10,63,829 | 470/- | 49,99,99,630 |
| Cohesion Mk Best Ideas Sub-Trust | Non- Promoter | 15,95,744 | 470/- | 74,99,99,680 |
| Bandhan Small Cap Fund | Non- Promoter | 5,00,000 | 470/- | 23,50,00,000 |
| Smallcap World Fund Inc | Non- Promoter | 59,02,840 | 470/- | 2,77,43,34,800 |
| American Funds Insurance Series Global Small Capitalization Fund | Non- Promoter | 1,60,989 | 470/- | 7,56,64,830 |
| Total | Total | 92,23,402 | 4,33,49,98,940/- |
The company has indicated that it will apply to the stock exchanges for listing and trading approval of the aforementioned Equity Shares in due course.
SKIPPER Stock Price Movement
Shares of Skipper Limited today slipped by 0.17% to settle at ₹527.75, as the stock closed in post-market trading. The company saw a total traded volume of 669,864 shares, after charting within an intraday range spanning from a low of ₹523.75 to a high of ₹536.65.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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