Hubtown Limited has informed the Exchange regarding allotment of 2131936 securities pursuant to Preferential Issue at its meeting held on September 26, 2025
HUBTOWN · price
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On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.6 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hubtown Limited has allotted 21,31,936 equity shares (face value Rs. 10 each) on September 26, 2025, upon conversion of an equal number of warrants held by Rushank Vyomesh Shah of the promoter group. The warrants were originally issued on September 30, 2024, at an issue price of Rs. 220 each (Rs. 10 face value + Rs. 210 premium), with 25% paid upfront and the remaining 75% (Rs. 165 per warrant) now received. The company collected Rs. 35.18 crore from this conversion. As a result, Hubtown's paid-up equity capital has risen from Rs. 139.97 crore (13.99 crore shares) to Rs. 142.10 crore (14.21 crore shares), a dilution of about 1.5%.
Existing shareholders face mild equity dilution of around 1.5%, while the promoter group's stake increases since the allottee belongs to the promoter group. The Rs. 35.18 crore inflow strengthens the company's cash position. The market had already anticipated this event since the warrants were issued nearly a year ago, so the immediate stock reaction is likely to be limited.