Allotment of 4,05,21,836 Equity Shares at an issue price of Rs. 12.50 per share on a Preferential basis.
Awaiting price reaction for this filing.
Bijoy Hans Ltd has allotted 4,05,21,836 equity shares at Rs. 12.50 per share (face value Rs. 10, premium Rs. 2.50) on a preferential basis through a share swap, aggregating to about Rs. 50.65 crore. The shares were issued to the shareholders of three companies — Health Secure Hospitals Pvt Ltd, Arvaya Health and Wellness Pvt Ltd, and Tec-Pool Solutions Pvt Ltd — making all three wholly owned subsidiaries of Bijoy Hans. As a result, the company's paid-up equity capital has jumped over 6x from Rs. 7.5 crore (75 lakh shares) to Rs. 48.02 crore (4.8 crore shares), leading to significant dilution for existing shareholders. The allotment involved 191 allottees, with the largest being SMCV Management Services (Promoter) at ~1 crore shares and Arogya Tech Services LLP at ~32.8 lakh shares. The new shares are subject to lock-in as per SEBI ICDR rules. Separately, four members of the promoter group have been reclassified to the Public category.
Existing shareholders face substantial equity dilution as the share count rises more than sixfold, though the acquisitions bring three companies as wholly owned subsidiaries. The share swap means no cash is raised, but the expanded capital base could weigh on earnings per share in the short term.