Rossell Techsys allots ₹300 crore of shares to SBI mutual fund schemes
- Capital raise
Reviewed byKeshav SehgalBlacklitt Research
Rossell Techsys (NSE: ROSSTECH) allotted 25,72,898 equity shares to SBI Mutual Fund schemes and SBI Optimal Equity Fund for cash consideration of ₹300 crore, it said in a filing on 04 Nov 2026. The issue price is ₹1,166 a share, including a premium of ₹1,164.
Key highlights
- Shares allotted: 25,72,898 equity shares of face value ₹2
- Issue price: ₹1,166 per share, including a premium of ₹1,164
- Cash consideration: ₹300 crore
- Allotment approved by the Fund Raising Committee on 04 Nov 2026
- Paid-up capital after allotment: ₹8.05 crore
The allotment in numbers
| Item | Detail |
|---|---|
| Allottees | SBI Mutual Fund through six schemes, and SBI Optimal Equity Fund - Long Term (a scheme of SBI Alternative Equity Fund) |
| Type of issue | Preferential allotment on a private placement basis |
| Shares allotted | 25,72,898 fully paid-up equity shares of face value ₹2 |
| Issue price | ₹1,166 per share, including a premium of ₹1,164 per share |
| Cash consideration | ₹300 crore (INR 299,99,99,068 as printed) |
| SBI Optimal Equity Fund - Long Term | 2,57,289 shares for ₹30 crore (INR 29,99,98,974 as printed) |
| Post-issue holding of allottees | 6.39% of post-issue shares |
| Paid-up capital | ₹7.54 crore (3,76,96,475 shares) rising to ₹8.05 crore (4,02,69,373 shares) |
| Approvals | Special resolution at the EGM held on 15 Oct 2026; in-principle approvals from BSE and NSE dated 28 Oct 2026 |
Who receives the shares
SBI Mutual Fund is allotting shares through six of its schemes: SBI Conservative Hybrid Fund, SBI ELSS Tax Saver Fund, SBI Infrastructure Fund, SBI MNC Fund, SBI Balanced Hybrid Fund and Magnum Equity Ex-Top 100 Long Short Fund. The filing lists both allottees in the non-promoter category as Qualified Institutional Buyers.
SBI Optimal Equity Fund - Long Term, a scheme of SBI Alternative Equity Fund, receives 2,57,289 shares for ₹30 crore. The company says the new shares will rank pari passu with existing equity shares, including for dividend and voting rights, and will be subject to lock-in.
Approvals and steps before the allotment
The Board approved the preferential issue at its meeting on 18 Sep 2026 and constituted the Fund Raising Committee. The committee approved the allotment on 04 Nov 2026 at a meeting that ran from 06:00 PM to 6:30 PM.
Shareholders approved the issue by special resolution at an EGM held on 15 Oct 2026 through video conferencing or other audio-visual means. BSE and NSE granted in-principle approvals by letters dated 28 Oct 2026, and the Share Subscription Agreement is dated 03 Nov 2026. The company says it will apply to the stock exchanges for listing and trading approval of the new shares.
What the allotment means for Rossell Techsys shareholders
Paid-up capital rises from ₹7.54 crore to ₹8.05 crore, and the allottees will hold 6.39% of the company after the issue. The ₹300 crore consideration compares with a market value of ₹5,494 crore at the 04 Nov 2026 close of ₹1,457.40 a share.
The filing does not state how the ₹300 crore will be used, what effect the allotment will have on results, or the date the new shares will start trading.
Filed with NSE on . Reference: Original filing (PDF)
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