Suraj Industries Limited has successfully completed its rights issue allotment, raising approximately ₹119.70 crore through the issuance of 2,99,25,394 partly paid-up equity shares at ₹40 per share (including a premium of ₹30). The issue witnessed robust investor participation, with an oversubscription of 113.56%, reflecting strong shareholder confidence in the company’s growth trajectory.
Rights Issue Overview
| Particulars | Details |
| Issue Price | ₹40 per share (₹10 face value + ₹30 premium) |
| Shares Issued | 2,99,25,394 partly paid-up equity shares |
| Funds Raised | ₹119.70 crore |
| Issue Ratio | 21 rights shares for every 13 fully paid-up shares held |
| Record Date | October 13, 2025 |
| Subscription Period | October 23 – November 7, 2025 |
Subscription and Allotment Details
The company received 1,203 applications for 3,39,85,113 shares, translating to a 113.56% subscription against the total issue size.
After technical rejections, 799 valid applications for 3,36,83,665 shares were considered for allotment.
| Category | Applications | Shares Applied | Shares Allotted | % of Total Allotment |
| Eligible Shareholders | 746 | 3,30,41,523 | 2,93,16,334 | 97.96% |
| Renouncees | 5 | 6,42,142 | 6,09,060 | 2.04% |
| Total | 799 | 3,36,83,665 | 2,99,25,394 | 100.00% |
Allotment was finalized on November 10, 2025, in consultation with BSE Limited, the designated stock exchange.
- 1,97,01,317 shares were allotted against rights entitlements.
- 1,02,24,077 shares were allotted against additional applications.
Post-Issue Developments
- Allotment advice and refunds: Dispatched by November 11, 2025.
- Credit of shares to demat accounts: Completed on November 11, 2025.
- Trading commencement: New partly paid-up shares to begin trading on November 12, 2025, under ISIN IN9170U01027.
- Listing approval: Expected from BSE by November 11, 2025.
Impact on Capital Structure
Following the completion of the rights issue, the company’s equity share capital has significantly increased:
- Pre-Issue Capital: ₹15.84 crore
- Post-Issue Capital: ₹48.45 crore
The capital now comprises a mix of fully paid-up and partly paid-up equity shares, each with a face value of ₹10.
Management Commentary
Suraj Prakash Gupta, Promoter of Suraj Industries, said:
“We are delighted by the overwhelming response from our shareholders. This successful rights issue highlights the trust investors place in our strategic direction. The proceeds will bolster our financial position and fuel our next phase of expansion.”
Investor Advisory
The company has clarified that the rights equity shares are tradeable only in dematerialized form. Shareholders are advised to ensure that their holdings are maintained in demat accounts to facilitate seamless trading on the stock exchange.
Summary
Suraj Industries’ ₹119.7 crore rights issue marks a major milestone in its capital expansion plan, with strong investor participation and full regulatory compliance. The newly allotted shares are set to debut on November 12, 2025, reinforcing the company’s continued focus on growth and shareholder value creation.
Disclaimer:
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