SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Pondy Oxides & Chemicals informs about outcome of fund-raising committee meeting

21 Dec 2024 Evaluate
Further to letter dated December 17, 2024, Pondy Oxides & Chemicals has informed that in respect of the Issue, the fund-raising Committee of the Company has, at its meeting today, i.e. December 20, 2024, passed the following resolutions: (i) Approved the closure of the Issue today (i.e. December 20,2024) pursuant to the receipt of application forms and the funds in the escrow account from the eligible qualified institutional buyers in accordance with the terms of the Issue; (ii) The allocation of 20,34,883 Equity Shares at an issue price of Rs 860 per Equity Share (including a premium oH855 per Equity Share), which takes into account a discount of 4.75% (i.e. Rs 42.93 per Equity Share) to the floor price of Rs 902.93 per Equity Share, determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations, for the Equity Shares to be allotted to the eligible qualified institutional buyers (QIBs) in the Issue; (iii) approving and finalizing the confirmation of allocation note for sending to such QIBs to whom the allocation of Equity Shares pursuant to the QIP, is to be confirmed; (iv) approving and adopting the placement document dated December 20, 2024, in connection with the QIP. The meeting of Fund-Raising Committee commenced at 08.00 pm and concluded at 08.30 pm. The QIP opened on December 17, 2024, and the same was intimated pursuant to letter dated December 17, 2024. 

The above information is a part of company’s filings submitted to BSE.

Pondy Oxides & Chem. Share Price

1303.20 -13.30 (-1.01%)
04-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1125.75
Vedanta 327.45
Hindustan Zinc 603.75
Jain Resource Recycl 357.60
Gravita India 1639.40
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×