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Awaiting price reaction for this filing.
Amic Forging Ltd has allotted 2,60,425 fully paid-up equity shares on a preferential basis to 27 non-promoter investors at Rs. 1,536 per share (including a premium of Rs. 1,526 over the Rs. 10 face value). The total amount raised aggregates to approximately Rs. 40 crore (Rs. 40,00,12,800). Major allottees include MBRD Investment (65,000 shares), Finwinora Financial Services LLP (30,000 shares), and VT Capital Market (27,625 shares). As a result, the company's paid-up equity capital has increased from 1,04,88,410 shares to 1,07,48,835 shares, representing roughly 2.48% dilution for existing shareholders. The newly allotted shares will be subject to lock-in as per SEBI ICDR Regulations. Additionally, the Board noted that allotment of 2,60,425 convertible warrants to the same set of investors will follow within 15 days of the BSE in-principle approval dated 12 December 2025, which could lead to further dilution upon conversion.
This is a meaningful capital raise (~Rs. 40 crore) from non-promoter investors at a substantial premium to face value, which is broadly constructive as it brings in fresh capital. However, existing shareholders face about 2.48% dilution now, with the pending warrant allotment adding potential future dilution if those warrants are exercised.