STEEL EXCHANGE INDIA allots preferential issue
STEEL EXCHANGE INDIA (STEELXIND) said it has allotted preferential issue. The company is valued at about ₹1,398 crore.
What happened
In a filing with the NSE on 4 November 2026 at 01:29 PM, STEEL EXCHANGE INDIA (STEELXIND) said that it has allotted preferential issue.
Company snapshot
STEEL EXCHANGE INDIA is a small-cap company, with a market value of about ₹1,398 crore.
The stock last traded at ₹10.96, against a 52-week range of ₹7–₹13.95 (21.4% below the high).
Before this filing the shares had moved −4.6% over the month and −7.1% over three months. Average daily turnover over the last 20 sessions was about ₹4.97 crore.
Promoters held 49.67% at the end of Q1 FY27; 99.95% of promoter shares were pledged. Foreign institutions owned 0.70% and domestic institutions 1.95%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 300 | 10.2 | 0.09 |
| Q2 FY26 | 232 | 2.1 | 0.02 |
| Q3 FY26 | 240 | 2.3 | 0.02 |
| Q4 FY26 | 287 | 12.4 | 0.1 |
| Q1 FY27 | 270 | 15 | 0.12 |
What history shows
BCEIE has no earlier fund raising filing from this company on record since May 2026.
Market-wide, 1,727 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
- 4 November 2026: Board meeting — Financial Results/Other business matters.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.