Allotment of Equity Shares on Preferential Basis.
Awaiting price reaction for this filing.
Capfin India Limited has allotted 5,80,000 fully paid-up equity shares of Rs. 10 face value each at Rs. 32.88 per share (including Rs. 22.88 premium), raising Rs. 1.91 crore. The allotment was made to 4 investors on a preferential basis for cash consideration. Of the total, 4,10,000 shares (71%) went to promoters Abhishek Narbaria and Umesh Kumar Sahay, while 1,70,000 shares (29%) went to non-promoter investors including Magnifica Global Opportunities VCC - MGO High Conviction Fund. The new shares will rank pari-passu with existing equity shares. The cumulative preferential allotment for the period totals 16,10,000 shares worth Rs. 5.29 crore.
Promoter stake has increased, showing promoter confidence in the company. The dilution is modest at under 1% given Capfin's small equity base. The foreign institutional investor participation indicates some external interest, though the small ticket size limits its significance.