Hindustan Construction Company Limited (HCC) has successfully completed its rights issue of fully paid-up equity shares worth ₹999.99 crores with remarkable investor response. The Securities Issuance Committee of the Board of Directors approved the allotment of 79,99,91,900 equity shares at ₹12.50 per share on December 23, 2025, following an oversubscription of 80.05%.

Rights Issue Subscription Performance

The rights issue witnessed exceptional investor interest, receiving total applications worth ₹1,04,29,15,843.96 for 83,43,32,675.17 rights equity shares against the offered 79,99,91,900 shares. This represents a significant oversubscription of 80.05%, demonstrating strong confidence in HCC's growth prospects.

Rights Issue Allotment Details

The Securities Issuance Committee meeting held on December 23, 2025, approved the final allotment following the finalization of the basis of allotment in consultation with the designated stock exchange, BSE Limited. The allotment was made to eligible shareholders and renounces as per the Letter of Offer terms.

Share Capital Transformation

Following the successful allotment, HCC's paid-up equity share capital has increased substantially from ₹181.95 crores to ₹261.95 crores. The company's shareholding structure has been enhanced to accommodate the new equity infusion from the rights issue participants.

Trading and Regulatory Compliance

The rights equity shares are expected to commence trading on BSE and NSE from December 30, 2025. The shares will be traded in dematerialized form only as ISIN INE549A01026. The rights issue allotment was completed in full compliance with SEBI Master Circular and other applicable regulations.

The successful completion of this oversubscribed rights issue provides HCC with substantial capital that strengthens its financial position for growth initiatives in the infrastructure development sector. The overwhelming investor response reflects confidence in the company's strategic direction and future prospects in the construction and infrastructure space.

Hindustan Construction Company Limited (HCC) has submitted its monitoring agency report for the quarter ended September 30, regarding the utilization of funds from its ₹600 crore Qualified Institutional Placement (QIP) issue of equity shares. The report, prepared by CARE Ratings Limited and reviewed by the company's Audit Committee, reveals that the funds are being deployed as per the original plan with no deviations from the disclosed objectives.

Fund Utilization Details

According to the report, HCC had utilized ₹366.88 crore by the previous quarter for various purposes, with no additional utilization during the current quarter. The QIP issue period was from December 16 to December 19. The funds have been allocated as follows:

Unutilized Funds

As of September 30, ₹200 crore remains unutilized from the total issue proceeds. This amount has been temporarily invested in fixed deposits with ICICI Bank, earning a return of 5.25% per annum.

Compliance and Transparency

The submission of this monitoring report demonstrates HCC's commitment to transparency and compliance with regulatory requirements. The report was filed in accordance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 82(4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Company's Financial Position

While the QIP fund utilization report shows adherence to the stated objectives, it's worth noting that HCC's financial position remains under scrutiny. The company's statutory auditors have highlighted concerns regarding the recoverability of certain receivables and the recognition of deferred tax assets.

As per the latest financial results, HCC reported a consolidated revenue of ₹960.70 crore, with a net profit of ₹47.80 crore. The company's order book stood at ₹13,152.00 crore as of September 30, indicating a strong pipeline of projects.

The timely and appropriate utilization of QIP funds is crucial for HCC as it seeks to strengthen its balance sheet and support ongoing operations in the infrastructure sector. Investors and stakeholders will likely continue to monitor the company's progress in deploying the remaining funds and its impact on HCC's overall financial health.