Warrant Conversion: 15 Lakh Shares Allotted, Rs 5.62 Cr Raised

Warrants ConvertedFund Raising View source PDF

INDOTHAI · price

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Price reaction · full curve 14 horizons · vs prior close

-3.2%1-day move

₹250.00

prior close

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base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-3.2-9.8-13.4-13.0-13.8-13.2-13.6———

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AI summary

Indo Thai Securities allotted 15,00,000 equity shares on conversion of 1,50,000 warrants by 2 non-promoter holders - Ashu Bishnoi (10 lakh shares) and Frenzy Commercial Pvt Ltd (5 lakh shares). The company received Rs 5.625 crore as the balance 75% payment at Rs 500 per warrant (Rs 37.5 per share post stock split of Rs 10 to Rs 1). Post-allotment, the allottees together hold 1.87 percent of the company. About 1,35,000 warrants remain outstanding for future conversion.

Likely market impact

Minor equity dilution of 1.87 percent to 2 non-promoter allottees. Capital infusion of Rs 5.62 Cr strengthens net worth marginally.