Solar rooftop penny stock: Rights issue ratio of 4:1; Rejected applications, Promoters come to the rescue!
Solar rooftop penny stock: Rights issue ratio of 4:1; Rejected applications, Promoters come to the rescue!

Solar rooftop penny stock: Rights issue ratio of 4:1; Rejected applications, Promoters come to the rescue!

To facilitate this resolution, the company extended the deadline until February 12, 2024, to allow the promoters time to arrange the necessary funds and apply for the additional shares.

Karan Dsij Article rating: 3.8

However, as the issue progressed, a cloud of uncertainty descended. Despite an overwhelming response (received subscription for 1,43,31,856 equity shares, which is 118.35 per cent of the issue size) from eager investors, the company found itself falling short of the minimum subscription threshold of 90 per cent. How could this be?

Stock below Rs 10: Don't miss action in this stock that has announced rights issue!
Stock below Rs 10: Don't miss action in this stock that has announced rights issue!

Stock below Rs 10: Don't miss action in this stock that has announced rights issue!

The stock gave 87.89 per cent returns in just 1 month whereas BSE Sensex was down by 3.39 per cent.

Kiran Shroff Article rating: 4.0

The stock gave 87.89 per cent returns in just 1 month whereas BSE Sensex was down by 3.39 per cent. Investors should keep an eye on this penny stock.

Stock below Rs 10: Don't miss out on this stock's action as it announces the right issue!
Stock below Rs 10: Don't miss out on this stock's action as it announces the right issue!

Stock below Rs 10: Don't miss out on this stock's action as it announces the right issue!

The public holds approximately 61.80 per cent of the stock, while promoters hold 38.19 per cent.

Kiran Shroff Article rating: 4.0

The public holds approximately 61.80 per cent of the stock, while promoters hold 38.19 per cent. In the most recent quarter, promoters reduced their stake by 29.45 percent in Q2FY23 compared to Q2FY22. 

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DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

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