8 months ago
Steel Exchange India to Raise Rs 700 Crore
Steel Exchange India is planning to raise Rs 700 crore.
They can do this by selling shares to specific people, big investors, or the public.
The company made less money this year compared to last year.
They also got some loans to pay off other expensive loans.
Their stock price has gone up a little recently, but it's still lower than it was six months or a year ago.
Steel Exchange India plans to raise Rs 700 crore through various capital-raising methods.
The company's profit declined by 22% in Q2 FY26 compared to Q2 FY25.
Revenue from operations also decreased by 11% in the same period.
The company received term loans totaling Rs 150 crore at a 12% interest rate.
Steel Exchange's share price has increased by 2.81% in the last month but has fallen by 9.5% in the last six months and 10.7% in the last year.
- Who
- Steel Exchange India
- What
- Raising Rs 700 crore through various capital-raising methods
- Where
- India
- When
- Not specified
- Why
- Not specified
Key facts
- Amount to be raised
- Rs 700 crore
- Methods of raising capital
- Preferential issue, private placement, QIP, or public issue
- Q2 FY26 Profit
- Rs 2.1 crore
- Q2 FY25 Profit
- Rs 2.7 crore
- Q2 FY26 Revenue
- Rs 231 crore
- Q2 FY25 Revenue
- Rs 261 crore
- Term Loans Received
- Rs 150 crore (Rs 110 crore from Kotak Mahindra, Rs 40 crore from Oxyzo Financial)
- Interest Rate on Loans
- 12% per annum
- Total Assets (Q2 FY25)
- Rs 1,384 crore
- Share Price Increase (1 month)
- 2.81%
- Share Price Decrease (6 months)
- 9.5%
- Share Price Decrease (1 year)
- 10.7%
Quotes
Sriram Krishnan
NSE Chief Business Development Officer
“We had the 600th listing on February 19, 2025, and now the 700th listing have both happened within the same year which highlights the resilience of the SME IPO platform. The modifications undertaken by market regulator Sebi in March 2025, our stringent evaluation criteria and focus on good corporate governance practices have played a pivotal role in taking this market to a mature phase.”
businesstoday.in
Sources
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