2 hrs ago
Ratnaveer Rights Issue Oversubscribed as CCL Project Advances
Ratnaveer Precision Engineering asked existing shareholders to buy more shares.
The company said shareholders bought enough shares to cover the offer, and slightly more.
The offer raised about INR 329.99 crore.
Each new share cost INR 264.
The money will help build a Copper Clad Laminate, or CCL, plant in Vadodara.
CCL is used to make printed circuit boards.
The company said the plant is about 60% finished.
Production is planned to begin in November 2026.
Ratnaveer Precision Engineering said its INR 329.99 crore rights issue was subscribed 1.11 times.
The issue offered 1,24,99,669 shares at INR 264 each, in a seven-for-40 entitlement ratio.
Allotment was scheduled for September 10, 2026, with listing on the NSE and BSE planned for September 15.
Proceeds will support the company’s INR 472.34 crore Copper Clad Laminate project in Vadodara.
Ratnaveer said the CCL plant is about 60% complete, with production targeted for November 2026.
- Who
- Ratnaveer Precision Engineering Limited and its eligible shareholders and Rights Entitlement holders.
- What
- The company’s INR 329.99 crore rights issue closed with 1.11 times overall subscription.
- Where
- The CCL project is located in Vadodara, Gujarat, India; the shares are planned to list on the NSE and BSE.
- When
- The issue closed on September 10, 2026; allotment was scheduled for September 10 and listing for September 15, 2026.
- Why
- The proceeds, together with a broader INR 650 crore funding package, are intended to support Ratnaveer’s CCL manufacturing project.
Key facts
- Rights issue size
- INR 329.99 crore
- Subscription
- 1.11 times overall
- Shares offered
- 1,24,99,669 fully paid-up equity shares
- Issue price
- INR 264 per share
- Entitlement ratio
- Seven rights shares for every 40 shares held
- Record date
- August 26, 2026
- Planned listing
- September 15, 2026, on the NSE and BSE
- CCL project
- INR 472.34 crore project in Vadodara, approximately 60% complete
Sources
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