Surani Steel Tubes Ltd proposes preferential issue of 98 lakh convertible warrants
Key highlights
- Board approved issuing up to 98,00,000 fully convertible warrants at Rs. 102 each, aggregating up to Rs. 99,96,00,000 (Rs. 99.96 crore)
- Warrants to promoter group entity M/s Himani Steels Private Limited (62,03,000) and 38 non-promoter, public category allottees (35,97,000 in total)
- Utilization: Rs. 74.85 crore working capital, Rs. 24.85 crore general corporate purposes, Rs. 0.26 crore issue expenses, by September 30, 2028
Why it's rated notable: the amount is 43% of market value (20% to 50%)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Corrigendum
Read the filing on NSE (PDF) →Companies guiding to strong growth
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More from Surani Steel Tubes
- Board / shareholder meeting outcomeNotableSurani Steel Tubes Ltd holds EGM and passes three resolutions unanimously on Oct 30, 2026
- Fundraise / allotmentNotableSurani Steel Tubes revises allottees for up to Rs. 99,96,00,000 warrant issue
Other fundraise / allotment filings this fortnight
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- Lloyds Metals and Energy Limited approves Q2 results, investment, and fundraising plans
- Lloyds Metals approves Q2 results, ₹625 crore TEIL investment and USD 300 million debt
- Mena Mani Industries approves Sept 2026 results, hotel venture and software expansion
- Sat Kartar Life Limited receives NSE approval for 5,50,000 convertible warrants issue
- CL Educate Limited approves ₹140 Cr fund raise and reports Q2 FY27 financials
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.