Kingfa Science & Technology (India) Limited has successfully concluded a preferential allotment of equity shares, raising ₹499.99 crore to fuel its growth initiatives and strengthen its financial position.
The company allotted 14,40,920 equity shares at an issue price of ₹3,470 per share, with participation from seven non-promoter investors, including prominent names such as SBI Flexicap Fund and Custody Bank of Japan Ltd.
Timeline and Approvals
- Board Approval: August 22, 2025
- Shareholder Approval (EGM): September 17, 2025
- Completion of Allotment: September 24, 2025
The capital raise comes at a crucial time as Kingfa looks to accelerate its expansion plans while reinforcing its balance sheet.
Strategic Significance
The preferential issue underscores strong institutional investor confidence in Kingfa’s growth trajectory. By tapping marquee global and domestic investors, the company has created additional financial flexibility to execute its strategic initiatives in India’s fast-evolving materials and technology sector.
✅ Summary
- Company: Kingfa Science & Technology (India) Ltd.
- Amount Raised: ~₹500 crore
- Shares Allotted: 14,40,920 equity shares
- Issue Price: ₹3,470 per share
- Key Investors: SBI Flexicap Fund, Custody Bank of Japan Ltd., among others
- Purpose: To fund growth plans and strengthen financials
Disclaimer:
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