Lloyds Engineering Shares Rise 3% on ₹987 Cr Rights Issue Announcement

Stock Performance:

• Lloyds Engineering rose 3.16% to ₹62.99 on the NSE (intra-day, April 17, 2025)
• At 2:15 PM, shares traded at ₹62.41, up 2.26% from previous close
• Approx. 4.3 million shares changed hands on NSE & BSE, valued at ₹26.5 crore
• YTD, shares are still down ~20%

Rights Issue Details:

• Total Issue Size: ₹987.25 crore
• Rights Issue Price: ₹32 per share (fully paid-up), incl. ₹31 premium
• Entitlement Ratio: 9 rights shares for every 34 held
• Record Date: Monday, April 28, 2025
• Issue Period: May 15 – May 30, 2025
• Shares to be issued on a partly paid-up basis

About the Company:

• Lloyds Engineering provides heavy equipment and turnkey project services for:
  Oil & Gas
  Steel plants
  Power & Nuclear sectors
• Services include design, fabrication, supply, erection & commissioning

Market Context:

• Sensex: 78,395 (+1,350 pts | +1.75%)
• Nifty50: 23,825 (+388 pts | +1.66%)