Allotment of 11 lakh convertible warrants at Rs 119 each
Price
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On the reaction day the stock moved 4.4 pts less than Nifty Microcap 250 and 4.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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B.R.Goyal Infrastructure has allotted 11,00,000 convertible warrants at Rs 119 each (face value Rs 10, premium Rs 109) to 9 non-promoter allottees on a preferential basis. Total potential value: Rs 13.09 crore. Company received Rs 3.27 crore (25 percent upfront). Warrants convertible into equal number of equity shares within 18 months. Issue fully subscribed.
Potential equity dilution if warrants are later converted. Brings in Rs 3.27 crore now; remaining Rs 9.82 crore over 18 months.