Allotment of 1,01,54,056 Equity Shares of face value Rs. 2/- each
Awaiting price reaction for this filing.
Sellwin Traders Ltd has allotted 1,01,54,056 equity shares of Rs. 2 face value each to 46 allottees upon conversion of warrants. The shares were issued at Rs. 8.40 per share (with 25% paid upfront at Rs. 2.10 per warrant and 75% balance of Rs. 6.30 paid on conversion). The conversion was exercised within the 18-month tenure permitted under the preferential allotment. The company's paid-up equity capital has increased to Rs. 49,00,23,112 comprising 24,50,11,556 shares. Allottees include individual investors and Mideast Healthcare Private Limited, with none holding above 2% post-allotment.
This is a dilutive event where share count increases by about 4.3%, which may exert mild pressure on the stock price in the near term. However, the conversion of warrants at Rs. 8.40 signals that warrant holders are willing to pay a premium to own equity, which could be viewed positively by the market.