Skipper Limited has successfully completed a preferential allotment of 92,23,402 equity shares at an issue price of ₹470 per share. This transaction raised approximately ₹4,334.99 crore. The funds were received from several non-promoter entities, including Emerge Private Opportunities Trust I and Cohesion Mk Best Ideas Sub-Trust. This capital infusion significantly increases Skipper’s issued, subscribed, and paid-up equity share capital.
Skipper Limited Completes Major Equity Raise
Skipper Limited has announced the allotment of 92,23,402 equity shares on a preferential basis. This significant capital raise, valued at approximately ₹4,334.99 crore, involved an issue price of ₹470 per share, which includes a premium of ₹469 per share. The Board of Directors and members of the company approved this allotment following approvals from BSE Limited and the National Stock Exchange of India Limited.
Key Allottees and Share Capital Increase
The equity shares were allotted to five distinct entities, all classified as Non-Promoters. Prominent allottees include Emerge Private Opportunities Trust I, Cohesion Mk Best Ideas Sub-Trust, Bandhan Small Cap Fund, Smallcap World Fund Inc, and American Funds Insurance Series Global Small Capitalization Fund. Following this allotment, Skipper Limited’s issued, subscribed, and paid-up equity share capital has seen a substantial increase.
Pre and Post-Issue Capital Figures
Before the preferential allotment, Skipper Limited’s capital stood at 11,29,37,233 issued and subscribed shares with 11,29,04,035 paid-up shares. Post the allotment, the company now has 12,21,60,635 issued and subscribed shares, with the paid-up capital rising to 12,21,27,437 shares. The company will soon apply to the stock exchanges for the listing and trading approval of these newly allotted equity shares.
Source: BSE
