Allotment of 97500 equity shares under ESOP scheme of the Company
FINKURVE · price
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Finkurve Financial Services has carried out three allotments on May 27, 2025. First, 80.44 lakh equity shares were allotted to 53 non-promoter investors on a preferential basis at Rs. 78 per share (including Rs. 77 premium), raising about Rs. 62.74 crore. Second, 51.28 lakh share warrants were allotted to the promoter group entity PRK Trust at Rs. 78 per warrant, with 25% paid upfront (Rs. 9.99 crore received) and the remaining 75% payable within 18 months on conversion, potentially bringing in another Rs. 39.99 crore. Third, 97,500 shares were allotted to employees under the ESOP 2018 scheme at Rs. 27 per share. The company's paid-up equity capital has risen from 13.19 crore shares to 14.00 crore shares as a result.
Existing shareholders will see dilution of about 6% due to the new share issuances. The capital raise (over Rs. 100 crore combined) strengthens the company's balance sheet, while the promoter subscribing to warrants signals continued promoter confidence in the business.