SPML Infra Fund Raise of ₹210.4 Cr
SPML Infra Limited reported utilization of ₹210.43 Crore from funds raised via preferential allotment. ICRA's monitoring report confirms zero deviations from stated objects.
- Value
- ₹210.4 Cr
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SPML Infra Limited reported utilization of ₹210.43 Crore from funds raised via preferential allotment. ICRA's monitoring report confirms zero deviations from stated objects.
SPML Infra Limited allotted 42,44,844 equity shares at ₹215 per share via a preferential issue, raising ₹91.26 Crore. The allotment was made to 18 investors, increasing the company's paid-up share capital to ₹16.78 Crore.
SPML Infra Ltd will hold a Board Meeting on April 23, 2026, to consider and approve various fund-raising options and the allotment of equity shares. The move aims to strengthen the company's capital base. Detailed proposals will be disclosed following the meeting's outcome.
SPML Infra Limited has allotted 8,50,000 equity shares at ₹215 per share via a preferential issue. The transaction, valued at ₹18.28 Crore, increased the company's paid-up share capital to ₹15.93 Crore. This issuance strengthens the company's capital base following board approval in August 2024.