Announced Thu, 9 Jul · 17:50 IST
Amic Forging allots shares and warrants worth about Rs 221 crore on preferential basis
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹1764.00
prior close
₹1800.00
base price
After-mkt
timing
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-0.1—+0.6+1.2+0.9+0.4+0.3+2.2+0.2-1.4————
Up moveDown movePending
AI summary
Amic Forging Ltd allotted 26,200 equity shares at Rs 1,525 each (Rs 3.99 crore) to Kvasa Capital and 14,22,900 convertible warrants at Rs 1,525 each (Rs 216.99 crore) to 11 non-promoter allottees including Motilal Oswal Financial Services on preferential basis. The company has received 25 percent of the warrant price (about Rs 5.35 crore). Warrants are convertible into equal number of equity shares within 18 months upon payment of the balance 75 percent.
Likely market impact
Minor equity dilution now; warrants could add up to 14.22 lakh more shares if fully converted within 18 months, potentially diluting existing holders.