Announced Fri, 11 Sept · 17:49 IST
Preferential Allotment of Equity Shares and Convertible Warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹141.70
prior close
₹148.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-1.6+1.6-0.8-1.1-2.0——————
Up moveDown movePending
AI summary
IIRM Holdings allotted 15.6 lakh equity shares at INR 143.28 each (about INR 22.35 crores) and 88.4 lakh convertible warrants at the same price (potential INR 126.65 crores) to 13 non-promoter allottees. 25 percent upfront received on warrants; balance is due within 18 months on exercise. Largest allottee Carpediem Capital Partners Fund II will hold 9.90 percent post-issue on a fully diluted basis. One proposed allottee, Mr. Pradeep Kumar, did not subscribe.
Likely market impact
Immediate equity dilution from shares issued; warrants add further potential dilution of about 88.4 lakh shares if exercised within 18 months.