Allotment
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 0.8 pts less than its Other Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved allotment of 18,09,796 equity shares at Rs. 256 each (face value Rs. 10) to 174 public-category investors via preferential allotment. Separately, 15,30,000 fully convertible warrants were issued at the same Rs. 256 price to 5 promoter-group allottees, convertible into equity within 18 months. Additionally, 67,708 equity shares were issued to promoter Aarti Jaybhai Shah upon conversion of previously allotted warrants (Rs. 192 balance exercise price received). Post this allotment, the paid-up equity share capital rises to Rs. 7,47,58,440 comprising 74,75,844 equity shares of Rs. 10 each.
Dilutive for existing shareholders as fresh shares and warrants are being created at Rs. 256 per share — a steep premium to the Rs. 10 face value but the market price context is not disclosed. Promoter-group participation in warrants signals insider confidence, while 174 allottees on the public side indicate broad-based fundraising rather than a single anchor.