Allotment of Equity shares under ideaForge Employee Stock Option scheme , 2018

IDEAFORGE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Ideaforge Technology has allotted 88,366 equity shares to employees who exercised their vested stock options under the ESOP 2018 scheme. The shares have a face value of Rs. 10 each with an exercise price of Rs. 10 (no premium). Following the allotment, the company's paid-up capital increased from Rs. 43.30 crore to Rs. 43.39 crore, with total shares rising from 4.33 crore to 4.34 crore. The new shares rank equally with existing equity shares and have no lock-in restrictions. This is a routine ESOP exercise that results in minor dilution for existing shareholders.

Likely market impact

This ESOP allotment causes slight dilution to existing shareholders as 88,366 new shares enter the market. The impact is minimal given the small number of shares relative to the total outstanding. The exercise price equals face value, suggesting these options were granted at par.