Sarveshwar Foods’ rights issue oversubscribed, raises ₹14.99 billion

Sarveshwar Foods Limited announced the successful completion of its rights issue, which was oversubscribed, receiving applications for 338,481,171 equity shares. The issue, which closed on September 16, 2025, involved offering up to 249,910,469 equity shares of face value ₹1 each at an issue price of ₹6 per share (including a premium of ₹5), aggregating up to ₹14.99 billion.

The company allotted 249,910,469 equity shares to successful applicants on September 17, 2025. Applications from eligible equity shareholders accounted for 151,058,128 shares, renunciations for 167,423,043 shares, and a specific investor for 20,000,000 shares, demonstrating strong investor confidence. The total valid applications received amounted to 309,761,085 equity shares, representing 123.95% of the total shares allotted.

The allotment advice and refund intimations are expected to be dispatched by September 18, 2025, with instructions for unblocking ASBA funds already provided. Listing applications were filed with BSE Limited and National Stock Exchange of India Limited on September 17, 2025, with trading expected to commence around September 19, 2025.