Longspur International Ventures Limited approved the allotment of 33 lakh equity shares at ₹10 each via private placement. This move raised ₹3.3 crore for the company, increasing its total share capital to 2.21 crore shares.

Longspur International Ventures Allots 3.3 Million Shares, Secures ₹3.3 Crore

33,00,000 Equity Shares
₹3.3 crore raised

Reader Takeaway: Capital raised via share allotment; increased share capital impacts valuation metrics.

What just happened

Longspur International Ventures Limited's Board of Directors has approved the allotment of 33,00,000 equity shares. These shares were issued at a price of ₹10 per share on a private placement basis. The transaction has brought in a total of ₹3.3 crore (330 lakh) into the company. The BSE had previously granted in-principle approval for this issuance on June 12, 2026.

Why this matters

This allotment is a capital-raising exercise that increases the company's equity base. It means more shares are now outstanding, which will affect per-share calculations like Earnings Per Share (EPS). Shareholders should monitor how the company utilizes these newly acquired funds for future growth.

The backstory

The company's total issued and paid-up equity share capital has now increased to 2,21,80,000 shares of ₹10 each. This is a significant change in the company's capital structure.

What changes now

The company has strengthened its capital base by ₹3.3 crore. The newly allotted shares are on par with existing equity shares.

Risks to watch

Shareholders should focus on the company's strategic use of the raised capital and its impact on future operational performance.

Context metrics (time-bound)

The allotment involved 33,00,000 equity shares at ₹10 each, raising a total of ₹3.3 crore. Post-allotment, the company's share capital stands at 2,21,80,000 shares.