Impact issued 80 million new shares with a face value of RON1, which were offered for subscription in two rounds.
Existing shareholders, who had preference rights over the new shares, subscribed 66.639 million shares, brokerage firm Swiss Capital said in a stock exchange filling.
The remaining shares will be offered for subscription to new investors at a price of RON1.01. The second stage of the offering is due for completion early next week.
Impact Developer&Contractor is 47.23%-owned by Romanian entrepreneur Gheorghe Iaciu.
The company reported a loss of RON42.4 million in 2013, narrower from about RON75 million in the previous year.
At around 1:00 pm, Impact’s shares traded up 3.63% at RON0.985 in Bucharest, amid a declining market. (EUR1=RON4.4488)