Almondz Global allots 80 lakh convertible warrants to public category investor
ALMONDZ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 1.3 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Almondz Global Securities has allotted 80 lakh fully convertible warrants to Ms. Nandakumar Padma, a public category individual investor, at Rs. 16.58 per warrant on a preferential basis. Total issue value is about Rs. 13.26 crore. 25 percent of the price has been received now; balance 75 percent is payable within 18 months before conversion into equity shares of Rs. 1 face value. Paid-up share capital will change only upon conversion.
Possible equity dilution in 18 months if warrants convert; small capital raise from a single public investor. Neutral to mildly positive.