Sikko Industries Limited — QIP/Rights/Pref., 25-01-2025: Allotment of Securities

Sikko Industries Limited has announced a board meeting focused on the allotment of 50,40,000 fully paid-up equity shares as part of its rights issue. The shares were issued at a price of ₹98 per share, including a premium of ₹88, resulting in a total allotment value of ₹4,939.20 lakh. The rights issue was oversubscribed by 115.25%, with a total subscription of 58,08,429 shares valued at ₹5,692.26 lakh. Post-allotment, the company's paid-up equity share capital will increase from 1,68,00,000 to 2,18,40,000 shares.