Allotment of Equity shares under ideaForge Employee Stock Option scheme , 2018
IDEAFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ideaforge Technology has allotted 88,366 equity shares of Rs. 10 face value each to employees who exercised their vested stock options under the ESOP 2018 scheme. The exercise price is also Rs. 10 per share (at par value), meaning employees paid the nominal value. Following this allotment, the company's paid-up capital increased from Rs. 43.30 crore to Rs. 43.39 crore. The total number of equity shares outstanding increased from 4,32,99,275 to 4,33,87,641. These newly allotted shares rank equally (pari-passu) with existing equity shares in all respects.
This is a routine dilutive event from ESOP exercises, marginally increasing the share count by 0.20%. The impact on stock price should be minimal as the dilution is small and the allotment is at market par value. Shareholders see slightly diluted ownership.