SEPC Rights Issue Oversubscribed by 2.12x, Raises ₹350 Cr; Stock Gains Over 2%
By Shishta Dutta | Published at: Jun 25, 2025 03:32 PM IST
Chennai, June 25, 2025 – SEPC Limited (NSE: SEPC) shares surged 2.83% in early trade today after the company announced the successful closure of its rights issue, which was oversubscribed by 2.12 times, signaling strong investor interest and confidence in its prospects.
The issue was made in the ratio of 11 right equity shares for every 50 fully paid-up equity shares held on the record date (May 23, 2025). The issue price was set at face value of ₹10 each, with no premium, and is to be paid in two payments: the first half on application and the second when boards call.
As of 2:16 PM, the stock was trading at ₹13.92, at a high of 3.49% for the day, reflecting steady intraday gains and positive investor sentiment.
Key Highlights of Rights Issue
SEPC offered 35 crore partly paid-up equity shares at an issue price of ₹10 each, comprising face value of ₹10 and nil premium. The issue, which opened on June 9, 2025, closed on June 23, 2025, and received applications for 74.35 crore shares.
Rights Issue Details
| Particulars | Details |
|---|---|
| Issue Size | 35,00,00,000 shares |
| Issue Price | ₹10 per share (₹5 on application, ₹5 on call) |
| Total Subscription | 74,35,19,173 shares |
| Oversubscription | 2.12 times |
| Record Date | May 23, 2025 |
| Rights Ratio | 11:50 |
| Listing Dates (Tentative) | BSE: June 27, NSE: July 8 |
Utilisation of Proceeds
Funds raised through the rights issue will be directed toward:
- Redemption and interest payment of NCDs
- Repayment/prepayment of borrowings
- Margin requirements for non-fund-based limits
- Working capital augmentation
- General corporate purposes
Market Reaction
As of 11:21 a.m. IST today, SEPC stock rose 2.83% to ₹13.83 on the NSE, backed by a strong buy quantity of 16.1 lakh shares, although total sell quantity was higher at 48.16 lakh shares. The stock witnessed heavy volumes of 75.41 lakh shares, with a traded value of ₹10.35 crore.
Stock Movement Summary
| Metric | Value |
|---|---|
| Previous Close | ₹13.45 |
| Open | ₹13.53 |
| High | ₹13.95 |
| Low | ₹13.46 |
| VWAP | ₹13.73 |
| 52-Week High | ₹31.56 (Sept 11, 2024) |
| 52-Week Low | ₹11.20 (Apr 7, 2025) |
Outlook
SEPC’s oversubscribed rights issue boosted investor confidence, driving the stock higher with steady gains through the day. The strong response reflects optimism about the company’s debt management and growth prospects, with near-term performance likely tied to fund deployment and execution clarity.
About SEPC Limited
SEPC Limited, formerly Shriram EPC, is a listed engineering, procurement, and construction (EPC) company operating across Water & Municipal Services, Roads, Industrial Infrastructure, and Mining sectors. In FY25, the company posted:
- Standalone Revenue: ₹597.65 crore
- EBITDA: ₹99.24 crore
- Net Profit: ₹25.15 crore
SEPC was listed on February 20, 2008, and continues to maintain an active trading status, with a P/E of 66.24 and face value of ₹10.
REF: https://nsearchives.nseindia.com/corporate/SHRIRAMEPC_25062025111836_PressReleaseRIclosure250625.pdf
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