Magnus Steel and Infra Ltd’s Board has approved a preferential issue of up to 4.5 crore equity shares at ₹10 each, aggregating ₹45 crore. The funds will be raised from four non-promoter investors, significantly expanding public shareholding from 53.87% to 96.78%, subject to shareholder and regulatory approvals.
Magnus Steel and Infra Limited has announced that its Board of Directors, in a meeting held on December 22, 2025, approved a preferential issue of equity shares worth ₹45 crore. The issue, priced at ₹10 per share, will see four non-promoter investors participating in the offering under Chapter V of SEBI’s ICDR Regulations, 2015.
The preferential allotment, subject to shareholders’ nod and requisite approvals, marks a strategic move to bolster the company’s capital base and broaden its institutional participation. Post issue, the public shareholding will significantly rise to 96.78%, diluting the promoter stake to 3.22%.
Key Highlights / Notable Updates:
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Issue Size: Up to 4.5 crore equity shares of ₹10 each, aggregating ₹45 crore.
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Type of Issue: Preferential allotment in accordance with SEBI ICDR Regulations.
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Investors & Allotments:
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Nautilus Private Capital Ltd – 1 crore shares
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MGO High Convection Fund Inc. VCC Sub Fund – 1 crore shares
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BluCreek Real Estate Ltd – 1.5 crore shares
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Mr. Manoj Sawant – 1 crore shares
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Post-Issue Structure: Public shareholding to rise to 96.78%, reducing promoter ownership to 3.22%.
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Relevant Date: 24 December 2025.
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Purpose: To raise growth capital and fund new infrastructure expansion.
This preferential issue, once approved, could mark a pivotal step in Magnus Steel’s capital realignment and strategic growth trajectory.
Source: BSE Filings.