EFC (I) Limited allots 1.06 crore rights shares at ₹150 each

1 min read     Updated on 26 May 2026, 04:32 AM
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EFC (I) Limited has completed the allotment of 1,06,62,786 fully paid-up equity shares on a rights basis at ₹150 per share, including a premium of ₹148. The issue raised ₹159,94,17,900, increasing the paid-up equity share capital from ₹27,45,66,752 to ₹29,58,92,324. The Board approved the allotment on May 25, 2026, following consultations with BSE Limited and in compliance with SEBI regulations.

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EFC (I) Limited has allotted 1,06,62,786 fully paid-up equity shares on a rights basis to eligible shareholders at an issue price of ₹150 per share. The allotment, approved by the Board of Directors on May 25, 2026, includes a share premium of ₹148 per share over the face value of ₹2. This rights issue has raised a total of ₹159,94,17,900 for the company.

Following the allotment, the paid-up equity share capital of the company has increased. The pre-rights issue capital stood at 13,72,83,376 shares amounting to ₹27,45,66,752, which has now risen to 14,79,46,162 shares totaling ₹29,58,92,324.

The Board approved the issue and the terms of the Letter of Offer in its previous meetings held on April 3, 2026, and May 1, 2026. The basis of allotment was finalized in consultation with BSE Limited.

The details of the issuance were disclosed to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The relevant SEBI Master Circular referenced is HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Capital Structure Post-Allotment

Particulars Number of shares Face Value Amount in Rs.
Paid-up share capital (Pre-Rights Issue) 13,72,83,376 2 27,45,66,752
Paid-up share capital (Post-Rights Issue) 14,79,46,162 2 29,58,92,324

Key Details of the Issuance

Sr. No. Details of event(s) Information of such event(s)
1. Type of securities issued Equity Shares
2. Type of issuance Rights issue
3. Total number of securities issued Allotment of 1,06,62,786 fully paid-up Equity Shares of Face Value of ₹ 2/- each on Right Basis
4. Total amount raised 159,94,17,900 (Rupees One Hundred and Fifty Nine Crores Ninety Four Lakhs Seventeen Thousand and Nine Hundred)

Historical Stock Returns for EFC

1 Day5 Days1 Month6 Months1 Year5 Years
-5.58%-3.64%-10.43%-30.74%-46.86%-46.86%

How does EFC (I) Limited plan to utilize the approximately ₹1,600 crore raised through this rights issue?

What impact will the 7.7% increase in equity share capital have on existing shareholders' earnings per share (EPS)?

How might the market react to the significant share premium of ₹148 per share in terms of stock liquidity and valuation?

EFC (I) Limited Completes Dispatch of Letter of Offer for Rights Issue Aggregating Up to ₹15,994.18 Lakhs

4 min read     Updated on 10 May 2026, 06:21 PM
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EFC (I) Limited published newspaper advertisements on May 10, 2026, confirming the completion of dispatch of its Letter of Offer for a rights issue of up to 1,06,62,786 equity shares at ₹150 each, aggregating up to ₹15,994.18 lakhs. The issue opens on May 13, 2026, and closes on May 22, 2026, with the record date set as May 7, 2026. Rights Entitlements were credited to eligible shareholders' demat accounts on May 8, 2026, under ISIN INE886D20018. All applications are mandatorily required to be made through the ASBA process, and rights equity shares will be allotted only in dematerialised form.

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EFC (I) Limited , a Pune-based Real Estate as a Service Company, has published newspaper advertisements on May 10, 2026, in compliance with Regulation 84 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, confirming the completion of dispatch of its Letter of Offer dated May 1, 2026. The advertisements were published in Financial Express (English, all editions), Jansatta (Hindi, all editions), and Pratakh (Marathi, Pune edition), signalling a key procedural milestone in the company's ongoing rights issue process.

Rights Issue at a Glance

The rights issue involves the offer of up to 1,06,62,786 fully paid-up equity shares of face value ₹2 each, at an issue price of ₹150 per share, which includes a share premium of ₹148 per rights equity share. The total issue size aggregates up to ₹15,994.18 lakhs, assuming full subscription. The shares are being offered on a rights basis in the ratio of 8 (eight) rights equity shares for every 103 (one hundred three) fully paid-up equity shares held by eligible equity shareholders as on the record date of Thursday, May 7, 2026.

The following table summarises the key issue parameters:

Parameter: Details
Issue Size (up to): ₹15,994.18 lakhs
Number of Shares (up to): 1,06,62,786 fully paid-up equity shares
Face Value: ₹2 per share
Issue Price: ₹150 per share
Share Premium: ₹148 per share
Rights Ratio: 8 rights equity shares for every 103 equity shares held
Record Date: Thursday, May 7, 2026
Promoters: Mr. Umesh Kumar Sahay and Mr. Abhishek Narbaria

Issue Programme

Eligible equity shareholders should note the following key dates for participation in the rights issue:

Event: Date
Issue Opening Date: Wednesday, May 13, 2026
Last Date for On-Market Renunciation: Monday, May 18, 2026
Issue Closing Date: Friday, May 22, 2026
Rights Entitlements Credit Date: Friday, May 8, 2026
Dispatch Completion Date: May 9, 2026

The board or a duly authorised committee thereof retains the right to extend the issue period, provided the issue does not remain open for more than 30 days from the issue opening date. No withdrawal of application is permitted after the issue closing date.

Dispatch of Issue Materials

The registrar to the issue, MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), completed dispatch of issue materials — comprising the Letter of Offer, Rights Entitlement Letter, and Composite Application Form — on or before May 9, 2026. Issue materials were sent electronically via email on May 8, 2026, to shareholders with registered email addresses, and physically via speed registered post or courier on May 9, 2026, to those without registered email addresses. Rights Entitlements were credited to eligible equity shareholders' demat accounts under ISIN INE886D20018 on Friday, May 8, 2026.

Eligible equity shareholders can access the Letter of Offer and Application Form through the following channels:

Application Process and Key Requirements

All investors are mandatorily required to use the ASBA (Application Supported by Blocked Amount) process under Regulation 76 of the SEBI (ICDR) Regulations. Applications may be submitted in physical mode at Designated Branches of Self-Certified Syndicate Banks (SCSBs) or through the online/electronic mode on SCSB websites. On the issue closing date, ASBA applications will be uploaded until 5:00 p.m. (IST).

Eligible equity shareholders holding shares in physical form as on the record date must furnish demat account details to the registrar or the company at least two clear working days prior to the issue closing date. Shareholders who fail to do so will not be eligible to apply for rights equity shares against their rights entitlements in respect of physically held shares. Rights equity shares applied for in this issue can be allotted only in dematerialised form.

Listing and Key Service Providers

The company has received in-principle approvals from BSE (vide letter no. LOD/RIGHT/PR/FIP/140/2026-27 dated April 27, 2026) and NSE (vide letter no. NSE/LIST/54417 dated April 27, 2026) for listing the rights equity shares. The Designated Stock Exchange for this issue is BSE. Key service providers for the issue are as follows:

Role: Entity
Registrar to the Issue: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
Banker to the Issue and Refund Bank: HDFC Bank Limited
Monitoring Agency: CARE Ratings Limited

Investors are advised to refer to the Letter of Offer, including the "Risk Factors" section beginning on page 26, before making any investment decision. The Letter of Offer is available on the websites of SEBI, BSE, NSE, the company, and the registrar to the issue.

Historical Stock Returns for EFC

1 Day5 Days1 Month6 Months1 Year5 Years
-5.58%-3.64%-10.43%-30.74%-46.86%-46.86%

How does EFC (I) Limited plan to deploy the ₹15,994.18 lakhs raised through this rights issue, and which Real Estate as a Service segments are likely to see the most capital allocation?

Given the tight 10-day subscription window (May 13–22, 2026), what is the likelihood of full subscription, and how might undersubscription affect the company's expansion plans?

How will the issuance of up to 1,06,62,786 new equity shares impact EFC India's earnings per share and promoter shareholding dilution in the near term?

More News on EFC

1 Year Returns:-46.86%