Allotment of Equity Shares and Warrants under preferential issue to Promoter and Non Promoter group respectively and allotment of Equity shares under ESOP scheme of the Company
FINKURVE · price
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Finkurve Financial Services has allotted 80,44,100 equity shares to 53 non-promoter allottees at Rs. 78 per share (Rs. 1 face value + Rs. 77 premium), raising about Rs. 62.74 crore. The company also allotted 51,28,105 share warrants to PRK Trust (promoter) at Rs. 78 per warrant, of which Rs. 9.99 crore (25% upfront) has been received, with the remaining 75% (Rs. 58.5 per warrant) payable on exercise within 18 months. Additionally, 97,500 equity shares were allotted to employees under the ESOP 2018 scheme at Rs. 27 per share. Following these allotments, the company's paid-up equity capital rose from 13,18,77,606 to 14,00,19,206 shares. All preferential allotments are subject to lock-in as per SEBI ICDR regulations.
Existing shareholders will see dilution due to fresh share issuance, though the promoter warrant allotment signals continued promoter commitment, with potential further dilution if warrants are exercised within 18 months. The capital infusion may strengthen the company's balance sheet for business expansion.