17.2 lakh shares allotted on warrant conversion; Rs 6.45 crore received

Warrants ConvertedFund Raising View source PDF

INDOTHAI · price

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▲ 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

-0.7%1-day move

₹217.27

prior close

₹217.99

base price

After-mkt

timing

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AI summary

Indo Thai Securities has allotted 17,20,000 equity shares on conversion of warrants held by 4 non-promoter allottees (Ashu Bishnoi, Frenzy Commercial, Madhu Nanji Vekaria, Rohan Desai). The company received Rs 6.45 crore as the remaining 75 percent of the issue price. Post-allotment shareholding of these allottees stands at 3.14 percent. Conversion follows an EGM approval from October 2024. About 23,000 warrants remain pending conversion.

Likely market impact

Mild dilution from warrant conversion; 75 percent balance received under earlier preferential issue terms