Salasar Techno surges on raising Rs 81.90 crore by allotting 3 crore equity shares
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Salasar Techno Engineering is currently trading at Rs. 33.80, up by 0.55 points or 1.65% from its previous closing of Rs. 33.25 on the BSE.
The scrip opened at Rs. 33.10 and has touched a high and low of Rs. 34.85 and Rs. 33.00 respectively. So far 57588 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.35 on 28-Jun-2022 and a 52 week low of Rs. 20.20 on 14-Feb-2022.
Last one week high and low of the scrip stood at Rs. 34.15 and Rs. 31.25 respectively. The current market cap of the company is Rs. 1059.19 crore.
The promoters holding in the company stood at 69.70%, while Institutions and Non-Institutions held 0.93% and 29.38% respectively.
Salasar Techno Engineering has allotted 3 crore equity shares to qualified institutional buyers (QIBs) at the issue price of Rs 27.30 per equity share aggregating to Rs 81.90 crore.
The Fund Raising Committee of the Board at its meeting held on September 06, 2022, has inter alia approved the issue and allotment of 3 crore equity shares to QIBs at the issue price of Rs. 27.30 per Equity Share (including a premium of Rs. 26.30 per Equity Share), aggregating to Rs 81.90 crore, pursuant to the Issue.
Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the company stands increased from Rs 28,57,05,280 to Rs 31,57,05,280.
Salasar Techno Engineering is leading provider of customized steel fabrication and infrastructure solution in India.
