Suraj Industries Jump 8.03% After Announcing The Approval of ₹119.70-Crore Rights Issue
By Shishta Dutta | Published at: Oct 7, 2025 05:49 PM IST
New Delhi, October 7, 2025: Suraj Industries Limited’s share price saw a significant rally today, after the company announced that its Rights Issue Committee approved detailed terms for a ₹119.70-crore rights issue. At the end of today’s trading session, the shares closed 8.03%, or 6.35 points higher at ₹85.40. The shares made an intraday high of ₹85.40 and a low of ₹78. The traded volume stood at 13.96 thousand shares, with the company’s market cap at ₹149 crore. The shares have their 52-week high at ₹90.65 and their 52-week low at ₹54.95.
Suraj Industries Limited is an Indian company that is engaged in providing brewery and distillery products. The company was established in 1992 and is headquartered in New Delhi. The shares of the company are listed only on the BSE with the code 526211.
Approval of ₹119.70-Crore Rights Issue
The rally in the share price comes after the company announced that its Rights Issue Committee approved detailed terms for a ₹119.70-crore rights issue aimed at raising growth capital. The details of the rights issue are as follows:
| Particulars | Details |
|---|---|
| Instrument Type | Partly paid-up equity shares (₹2.5 paid-up per share) |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share (₹10 face value + ₹30 premium) |
| Number of Shares | Up to 2,99,25,394 equity shares |
| Total Issue Size | ₹119.70 crore (assuming full subscription and call payments) |
| Amount Payable on Application | ₹10 per share (₹2.5 FV + ₹7.5 premium) |
| Balance Payable on Calls | ₹30 per share (₹7.5 FV + ₹22.5 premium) |
| Rights Entitlement Ratio | 21 Rights Equity Shares for every 13 shares held |
| Record Date | October 13, 2025 |
| Issue Opens | October 23, 2025 |
| Last Date for On-Market Renunciation | November 3, 2025 |
| Off-Market Transfer of REs Closes | November 6, 2025 |
| Issue Closes | November 7, 2025 |
Once the rights issue is completed, the equity shares outstanding will increase to 4,84,50,638, from the pre-issue number of 1,85,25,244. Furthermore, the company’s total equity capital will also increase to ₹48.45 crore post-issue from the pre-issue size of ₹18.52crore.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/6656c507-ab4a-4291-8fd4-95052aaa98aa.pdf
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