Mumbai | 8-Oct-2025, 09:45 IST — Filed via NSE corporate filing
Shradha Infraprojects Ltd, a Nagpur-based infrastructure and real estate developer, today listed 3.04 crore fully-paid rights equity shares on the National Stock Exchange (NSE). The issue, priced at ₹40 per share (₹2 face value + ₹38 premium), marks a key capital-raising milestone for the company, mobilising up to ₹121.5 crore.
Rights Issue Snapshot
Shradha’s rights issue was offered in a ratio of 3 rights shares for every 5 shares held as of the record date (16-Sep-2025). Post-allotment, the company’s paid-up equity base expands from 5.06 crore shares to 8.09 crore shares, significantly strengthening its capital structure.
| Metric | Detail |
|---|---|
| Shares Issued | 3.04 crore |
| Issue Price | ₹40 (₹2 FV + ₹38 premium) |
| Total Proceeds | ₹121.5 crore |
| Entitlement | 3 for 5 (record date 16-Sep-2025) |
| Pre-Issue Equity | 5.06 crore shares |
| Post-Issue Equity | 8.09 crore shares |
Market Reaction
On listing, Shradha Infraprojects’ stock opened with modest gains, reflecting investor confidence in the rights issue subscription. The counter has recently traded with improved liquidity after the allotment announcement, with reports suggesting a 3% uptick in early sessions ahead of the listing.
Analysts believe that the capital infusion will give Shradha greater flexibility in executing its residential and commercial projects, while reducing financing constraints. The enlarged equity base also improves the company’s debt-equity mix, which had been stretched due to earlier project investments.
Fund Utilisation Plans
Management has indicated that proceeds from the rights issue will be channelled toward:
- Working capital support for ongoing real estate and infra projects.
- Repayment of certain borrowings, easing interest outgo.
- General corporate purposes and operational contingencies.
With an order book spanning projects in Nagpur and surrounding regions, the timely deployment of this capital is expected to accelerate project execution and improve delivery timelines.
Why This Listing Matters
- Investor Dilution vs Growth: While existing shareholders face equity dilution, the capital raise helps secure growth capital without excessive debt reliance.
- Liquidity Boost: The increase in float should improve trading volumes, making the stock more accessible to institutional investors.
- Sector Context: Infrastructure and real estate developers continue to rely on rights issues as a viable route of fund mobilisation, particularly amid tight credit conditions.
Outlook
Market participants will closely watch how the new shares trade relative to the ₹40 issue price. Sustained premium levels would signal investor conviction in Shradha’s growth plans, while any discounting could reflect caution around execution risk.
The next milestones include the company’s upcoming Q2 FY26 financial results, where investors will look for early signs of balance-sheet strengthening. In addition, clarity on project-wise deployment of the ₹121 crore proceeds will be critical to sustain investor trust.
With this rights equity listing, Shradha Infraprojects has taken a decisive step to reinforce its financial base, at a time when capital discipline and execution credibility are key differentiators in India’s infra-real estate market.
