Texmo Pipes and Products approves preferential issue
Texmo Pipes and Products (BSE: TEXMOPIPES) said it has approved preferential issue. The company is valued at about ₹162 crore.
What happened
Texmo Pipes and Products (BSE: TEXMOPIPES) informed the stock exchanges on 30 September 2026 at 05:38 PM that it has approved preferential issue.
Company snapshot
Texmo Pipes and Products is a micro-cap company, with a market value of about ₹162 crore.
The stock last traded at ₹55.48, against a 52-week range of ₹33–₹64.5 (14.0% below the high).
Before this filing the shares had moved +20.0% over the month and +20.4% over three months. Average daily turnover over the last 20 sessions was about ₹2.38 crore.
Promoters held 44.24% at the end of Q1 FY27. Foreign institutions owned 0.22% and domestic institutions 0.00%.
What history shows
BCEIE's records show 1 previous fund raising filing from the company since May 2026.
Market-wide, 1,465 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.5%, with 49% 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.
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.