PNN DigitalPNN Digital
    Facebook Twitter Instagram
    Monday, September 1
    Trending
    • Sabr Associates LLP, Gujarat goes global with Make in India exports
    • Star-studded Celebration of Ganapati, Mata Ki Chowki and 25 Years of community service
    • ChargeZone Partners with SBI to Boost EV Charging Infrastructure via DoCo Program in India
    • Even rain could not stop the singing of praises of God – ‘Lal Bagh Ka Raja’ Ganpati Festival witnessed huge crowd of devotees
    • India Defence Self-Reliance: Bold Push, Real Results – Shri Rajnath Singh
    • Authentic Shilajit: Why ACTIZEET Leads the Market
    • After Blockbuster The Kerala Story, Adah Sharma’s Poster from Crime Thriller Haatak Unveiled
    • Dr. Shrikant Lata Eknath Shinde hosted 2nd Khasdar Krida Sangram graced by Padamshree Harbhajan Singh
    Submit News
    PNN DigitalPNN Digital
    Subscribe
    • Home
    • News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • More
      • Sports
      • Health
      • Finance
      • Education
    PNN DigitalPNN Digital
    Home»Business

    OVERWHELMING RESPONSE TO SEPC LIMITED RIGHTS ISSUE OF 35,00,00,000, PARTLY PAID-UP EQUITY SHARES AGGREGATING TO RS. 350.00 Crores

    SEPC Limited’s ₹350 crore rights issue closes oversubscribed, signaling robust investor trust.
    PNN NewsdeskPNN Newsdesk Business 4 Mins Read
    OVERWHELMING RESPONSE TO SEPC LIMITED RIGHTS ISSUE - PNN
    OVERWHELMING RESPONSE TO SEPC LIMITED RIGHTS ISSUE
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Chennai (Tamil Nadu) [India], June 28: SEPC Limited today announced that it has achieved successful closure of Rights Issue of 74,35,19,173 (Seventy Four Crores Thirty-Five Lakhs Nineteen Thousands One Hundred & Seventy-Three ) Partly paid-up Equity Shares aggregating to ₹ 350 Cr. having issue price of ₹ 10/- per Equity Share (including a share premium of ₹ nil per share) (the “issue price”) on a rights basis to the eligible equity shareholders of our Company closed successfully on June 23, 2025. The Payment Schedule for the issue is as follows:

    Amount Payable per Rights Equity Share

    i.e. Issue Price

    Face value (₹) Premium (₹) Total
    On Application 5.00 Nil 5.00
    On First and Call (as determined by our Board in consultation with Rights Issue

    Committee)

    5.00 Nil 5.00

    The Rights issue was oversubscribed by 2.12 times.

    SEPC Limited, is one of the leading EPC player in Water and Municipal Services, Roads, Industrial, and Mining sectors, announced today the successful closure of the issue of 74,35,19,173 (Seventy-Four Crores Thirty-Five Lakhs Nineteen Thousand One Hundred & Seventy-Three) partly paid−up Equity Shares (including a share premium of ₹ nil per share) (the “issue price”) on rights basis to the eligible equity shareholders (the “Rights Issue”) which was launched on June 09, 2025.

    The issue resulted into subscription of 74,35,19,173 shares resulting into oversubscription by 2.12 times. The issue period was from June 09, 2025, to June 23, 2025. The issue size was 35,00,00,000 (Thirty-Five Crores) partly paid-up Equity Shares aggregating to Rs. 350 Cr. having issue price of Rs. 10/- per Equity Share (including a share premium of ₹ nil per share) (the “issue price”) on a rights basis to its eligible equity shareholders in the ratio of 11 (Eleven) Rights Equity Share for every 50 (Fifty) fully paid-up Equity Shares held as on record date i.e. May 23, 2025. The payment schedule for this issue being partly paid up will be 50% i.e. ₹ 5/- (per share) payable with the Application and balance 50% will be payable on First and Final call.

    The funds raised via rights issue will be used in the manner described in the Letter of Offer dated May 22, 2025., i.e.

    • Funding for Payment of Non-Convertible Debentures including redemption and interest.
    • Repayment/Pre-payment, in full or part, of certain borrowings availed by the Company.
      • Funding for increasing the additional Margin of Non- Fund Based Limits.
      • To augment the existing and incremental working capital requirement of our Company.
      • General Corporate Purpose

    The allotment and listing formalities of the new shares on the BSE and NSE are expected to be completed on or about Friday, 27th June, 2025 and Tuesday, July 08, 2025 respectively.

    Commenting on the success of the Rights Issue, Shri Mr. Abdulla Mohammad Ibrahim Hassan Abdulla, Chairman and Non-Executive Director of SEPC Limited, said, “I express my sincere thanks to our dear and esteemed shareholders for participating in this Rights Issue and making it a new and proud landmark in the history of India’s capital market.

    Our shareholders have always been our biggest source of strength. Our decades-old relationship based on trust has consistently spurred us to achieve more. We are delighted and humbled by their extraordinary show of confidence in the future of SEPC.

    Intermediaries for this rights issue:

    • Sumedha Fiscal Services Limited − Lead Manager to the Issue,
    • Cameo Corporate Services Limited – Registrar to the Issue
    • T&S Law − Legal Advisor to the Company,
    • Axis Bank Limited − Banker to the Issue.

    If you object to the content of this press release, please notify us at [email protected]. We will respond and rectify the situation within 24 hours.

    BSE capital markets epc equity shares fundraising nse oversubscription Rights Issue SEPC Limited shareholders
    PNN Newsdesk

    Keep Reading

    Sabr Associates LLP, Gujarat goes global with Make in India exports

    Star-studded Celebration of Ganapati, Mata Ki Chowki and 25 Years of community service

    ChargeZone Partners with SBI to Boost EV Charging Infrastructure via DoCo Program in India

    Even rain could not stop the singing of praises of God – ‘Lal Bagh Ka Raja’ Ganpati Festival witnessed huge crowd of devotees

    Authentic Shilajit: Why ACTIZEET Leads the Market

    After Blockbuster The Kerala Story, Adah Sharma’s Poster from Crime Thriller Haatak Unveiled

    Recent Posts
    • Sabr Associates LLP, Gujarat goes global with Make in India exports
    • Star-studded Celebration of Ganapati, Mata Ki Chowki and 25 Years of community service
    • ChargeZone Partners with SBI to Boost EV Charging Infrastructure via DoCo Program in India
    • Even rain could not stop the singing of praises of God – ‘Lal Bagh Ka Raja’ Ganpati Festival witnessed huge crowd of devotees
    • India Defence Self-Reliance: Bold Push, Real Results – Shri Rajnath Singh

    Sabr Associates LLP, Gujarat goes global with Make in India exports

    31/08/2025

    Star-studded Celebration of Ganapati, Mata Ki Chowki and 25 Years of community service

    30/08/2025

    ChargeZone Partners with SBI to Boost EV Charging Infrastructure via DoCo Program in India

    30/08/2025

    Even rain could not stop the singing of praises of God – ‘Lal Bagh Ka Raja’ Ganpati Festival witnessed huge crowd of devotees

    30/08/2025

    India Defence Self-Reliance: Bold Push, Real Results – Shri Rajnath Singh

    30/08/2025

    Authentic Shilajit: Why ACTIZEET Leads the Market

    30/08/2025
    Facebook Instagram Twitter
    • Legal Disclaimer
    • Privacy Policy
    • Contact Us
    • About Us
    © 2025 PNN Digital. Designed by Primex Media Services.

    Type above and press Enter to search. Press Esc to cancel.