Share Market News: PTC Industries Shares In Focus As Company Approves Allotment 5.30 Lakh Equity Shares

Share of PTC Industries are in focus today as the company has informed exchanges that the Board of Directors of the company has approved the allotment of 5.3 lakh equity shares to eligible institutional investors. “Approved the issue price for 5,30,315 equity shares to be allotted to eligible qualified institutional buyers at a price of Rs 13,199.70 per share including a premium of Rs 13,189.70 per share which takes into account a discount of Rs 694.72 per share on the floor price of Rs 13,894.42 per share (5% of the floor price),” the company said in an exchange filing.
With this allotment, the paid up equity share capital of the company stands increased to Rs 14,97,11,880 consisting of 1,49,71,188 equity shares. Earlier, the counter opened in red at Rs 14,305 against the previous close of Rs 14,452.80 on the BSE. However, it gained to touch the intra-day high of Rs 14,500. Last seen, the counter was trading at Rs 14,261.
The counter has given a multibagger return of 139 per cent in one year and 493 per cent in two years. The srcip has made investors wealthier by 1,247 per cent in three years. So far this year, the counter has already gained 115 per cent.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)