EFCIL Completes Rights Issue Allotment: 1.06 Crore Shares Issued
EFC (I) Limited has completed its rights issue, allotting 1.06 crore equity shares at ₹150 each, aggregating ₹15,994.16 lakhs. The issue was oversubscribed by 227.44%. Trading of the new shares is expected to commence on May 27, 2026.
The rights issue significantly increases the company's equity capital, which can impact financial ratios and future growth, but the impact is medium as it's a planned fundraising activity.
The successful completion and oversubscription of the rights issue indicate positive investor confidence and successful capital raising for the company.
EFC (I) Limited has announced the completion of its rights issue, with the allotment of 1,06,62,786 fully paid-up equity shares of face value ₹2 each. The issue price was ₹150 per share, including a premium of ₹148, aggregating to ₹15,994.16 lakhs. The rights were offered in the ratio of 8 shares for every 103 shares held as of the record date, May 7, 2026.
The issue opened for subscription on May 13, 2026, and closed on May 22, 2026. A total of 4,517 valid applications were received for 2,42,51,154 rights equity shares, representing a subscription of 227.44% of the shares allotted. Out of these, 167 applications for 1,63,362 shares were rejected due to technical reasons. The basis of allotment was finalized on May 25, 2026.
The company has received listing approvals from BSE and NSE, with trading in the allotted rights equity shares expected to commence on May 27, 2026. The dispatch of allotment advice and unblocking of funds for ASBA applications commenced on May 26, 2026. The company also published newspaper advertisements on May 26, 2026, in Financial Express, Jansatta, and Pratahkal, detailing the subscription and allotment.
What to do with a filing like this
EFC (I) Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by EFC (I) Limited. Read the original for the full detail.