Intimation for allotment of Equity Shares and Convertible warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CDG Petchem Ltd has allotted 61,58,000 equity shares at Rs. 41 per share (a premium of Rs. 31 over the Rs. 10 face value), raising approximately Rs. 25.25 crore. Additionally, 7,64,500 convertible warrants were allotted on a preferential basis at Rs. 41 each, with Rs. 10.25 (25%) paid upfront, bringing in Rs. 78.36 lakh immediately. Each warrant can be converted into one equity share by paying the remaining Rs. 30.75 within the stipulated time, potentially adding another Rs. 3.13 crore. The largest allottee is Jujhar Constructions and Travels Pvt Ltd, a proposed promoter post open offer, receiving 49 lakh shares and 5.64 lakh warrants. The allottees include both promoter and non-promoter categories, with approvals already in place from the Board (April 8, 2025), EGM (May 7, 2025), and BSE in-principle approval (May 30, 2025).
This preferential allotment will result in equity dilution for existing shareholders but brings in fresh capital of around Rs. 28.4 crore (if warrants are fully converted). The significant promoter-group participation signals insider confidence and a strengthening of promoter control, which could be viewed positively despite the dilution.