Allotment of 18,00,000 convertible warrants to the persons belonging to the Promoter & Promoter Group and Non-Promoter Category for cash at an issue price of Rs. 28.00.
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Alphalogic Industries has allotted 18 lakh convertible warrants on a preferential basis at Rs. 28 each (Rs. 10 face value + Rs. 18 premium). The warrants were issued to three allottees: Alphalogic Techsys Limited (Promoter, 11.7 lakh warrants), Mrs. Neha Anshu Goel (Promoter Group, 3 lakh warrants), and Vivaro Enterprises Limited (Non-Promoter, 3.3 lakh warrants). Allottees have paid 25% (Rs. 7 per warrant) upfront, with the remaining 75% due within 18 months upon conversion into equity shares. The total potential inflow is approximately Rs. 5.04 crore if all warrants are exercised. If fully converted, promoter holding will rise from 51.18% to 53.25%.
The allotment signals promoter confidence through increased skin in the game, but will dilute existing shareholders by roughly 2-3% on full conversion. The fundraising size is relatively small, and warrants that aren't exercised within 18 months will lapse, meaning actual capital raised could be lower.