Jyoti Structures Rights Issue Subscribed 92.11%, Allots 28.73 Crore Shares

Jyoti Structures' rights issue, which closed on March 3, 2025, was subscribed to 92.11%, reflecting strong investor interest. The company has allotted 28,73,08,884 fully paid-up equity shares at ₹16 per share, including a premium of ₹14. This allotment increases Jyoti Structures' paid-up equity capital from ₹1,80,22,61,840 to ₹2,37,68,79,608. The rights issue aimed to raise approximately ₹499.09 crore to support the company's growth plans. The subscription rate indicates a positive market response to Jyoti Structures' expansion strategy, which includes enhancing its capabilities in transmission lines, sub-stations, and power distribution projects.

 

Source: Business Standard, InvestorGain