Skipper Limited Approves Preferential Allotment Plan to Raise Up To Rs 433 Crores
Skipper Limited announced on June 03, 2026, that its Board of Directors considered and approved a proposal for raising funds through a preferential allotment of equity shares. The company aims to raise up to an aggregate amount of Rs 4,33,49,98,940/- by issuing equity to investors in the Non-Promoter category via private placement.The fundraising plan involves the issuance of up to 92,23,402 Equity Shares of the company. These shares have a face value of Re. 1/- each and are offered at an issue price of Rs 470/- per share, which includes a premium of Rs 469/- per share.
The Board meeting held on June 03, 2026, approved the proposal, subject to the subsequent approval of the company's Members. The company also scheduled an Extra Ordinary General Meeting (EGM) for Friday, June 26, 2026, which will be conducted through Video Conferencing or other Audio-Visual Means.
Fundraising Details Summary
The proposed equity issuance details are as follows:| Particular | Detail |
|---|---|
| Type of Securities Proposed | Equity Shares (Re. 1/- each) |
| Issuance Type | Preferential Issue |
| Maximum Shares to be Issued | Up to 92,23,402 |
| Target Aggregate Amount | Up to Rs 4,33,49,98,940/- |
Investor Participation Breakdown
The equity shares are designated for allotment to several Non-Promoter categories. The total of 92,23,402 shares are proposed to be issued to five key entities as detailed in Annexure A.Key investors and their share allocation included:
- Smallcapworld Fund Inc (Non-Promoter/Foreign Portfolio Investor): 59,02,840 shares
- Cohesion Mk Best Ideas Sub-Trust (Non-Promoter/Foreign Portfolio Investor): 15,95,744 shares
- Bandhan Small Cap Fund (Non-Promoter/Mutual Fund): 5,00,000 shares
- American Funds Insurance Series Global Small Capitalization Fund (Non-Promoter/ Foreign Portfolio Investor): 1,60,989 shares
- Emerge Private Opportunities Trust I (Non-Promoter/Alternate Investor Fund - AIF): 10,63,829 shares
Post Allotment Status of Securities
The company provided a detailed outcome report regarding the subscription and allotment. The table below shows the status of specific allottees related to this issue:| Proposed Allottee Name | Category | Shares Allotted (Post-Issue) | Percentage of Issue |
|---|---|---|---|
| Smallcapworld Fund Inc | Non-Promoter/Foreign Portfolio Investor (FPI) | 59,02,840 | 4.83% |
| Cohesion Mk Best Ideas Sub-Trust | Non-Promoter/Foreign Portfolio Investor (FPI) | 15,95,744 | 1.31% |
| Bandhan Small Cap Fund | Non-Promoter/Mutual Fund | 21,47,515 | 1.76% |
| American Funds Insurance Series Global Small Capitalization Fund | Non-Promoter/ Foreign Portfolio Investor (FPI) | 1,60,989 | 0.13% |
| Emerge Private Opportunities Trust I | Non-Promoter/Alternate Investor Fund (AIF) | 10,63,829 | 0.87% |
SKIPPER Stock Price Movement
Shares of Skipper Limited today slipped by 1.28% to settle at ₹570.5. The stock saw a trading volume of 1.74 million shares during the session.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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