Shraddha Prime Projects Approves ₹96.96 Crore Rights Issue; Sets Record Date

Key numbers

Issue Size	₹96.96 CrRights Issue
Market Cap	₹626.22 CrRealty Sector
PE TTM	9.75Sector PE 35.3
RSI	49.87Neutral Zone

Key highlights

• Rights issue size fixed at ₹96,96,24,000 involving 60,60,150 equity shares
• Issue price set at ₹160 per share, including a premium of ₹150
• Rights Entitlement Ratio established at 3 new shares for every 20 shares held
• Application payment structured as ₹144 per share with ₹16 payable on subsequent call
• Record date for shareholder eligibility is Thursday, October 15, 2026
• GYR Capital Advisors Private Limited appointed as the new Merchant Banker

Details of the Rights Issue

Shraddha Prime Projects Ltd is initiating a capital raise of ₹96.96 Crore through the issuance of 60,60,150 equity shares. The board has priced the issue at ₹160 per share, which includes a face value of ₹10 and a share premium of ₹150. Eligible shareholders as of the record date will be entitled to three new shares for every twenty existing shares held.

The payment structure is phased, with 90% of the issue price, amounting to ₹144 per share, due at the time of application. The remaining ₹16 per share will be collected during a subsequent call, providing a structured liquidity infusion for the company's upcoming real estate developments.

Strategic Rationale and Advisors

The company has appointed GYR Capital Advisors Private Limited as the new Merchant Banker for this rights issue, replacing Almondz Financial Services Limited. This transition in advisory roles accompanies the company's efforts to streamline its fund-raising process as it targets expansion in the Mumbai realty market. By opting for a rights issue, the company allows its existing promoter base, which currently holds 74.78% of the equity, and public shareholders to participate in the growth of the firm.

The record date of October 15, 2026, serves as the final cutoff for determining which investors can exercise these entitlements.

Business and Financial Context

Operating in the realty sector, Shraddha Prime Projects Ltd has demonstrated significant growth, with annual operating revenue rising 225.28% to ₹508.35 Crore. The company maintains a strong net profit margin, reporting a TTM net profit of ₹64.22 Crore. While the company's P/E ratio of 9.75 stands lower than the industry average of 35.56, it faces certain leverage considerations, with 23.17% of the promoter's holding currently pledged.

The fresh capital from the rights issue is expected to bolster the balance sheet and provide the necessary capital for ongoing project execution in the Ghatkopar and suburban Mumbai micro-markets.

Key Financial Metrics

• Annual Net Profit growth reached 118.57% in the latest fiscal cycle
• The company reported a Return on Equity of 40.79%, outperforming the sector ROE of 12.38%
• TTM Operating Revenue stands at ₹583.23 Crore with a quarterly revenue growth of 127.57% YoY
• The current stock price of 155 is trading near its 100-day SMA of 155.99

Shraddha Prime Projects · financial snapshot

Share price	₹155
Market capitalisation	₹626.22
Revenue (annual)	₹508.35
Net profit (annual)	₹53.86
P/E (TTM)	9.75×Sector 35.3×
Promoter holding	74.78%0.00% QoQ
FII holding	0%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.