Intellect Design Arena Limited has informed the Exchange regarding Allotment of 159601 Shares.
INTELLECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Intellect Design Arena has allotted 1,59,601 equity shares (face value ₹5 each) to eligible employees who exercised their stock options under three ESOP schemes: ISOP 2015 (78,938 shares), ISOP 2016 (6,350 shares), and IIPS 2018 (74,313 shares). Exercise prices ranged from ₹5 to ₹204.57 depending on the scheme and tranche. After this allotment, the company's total issued share capital has increased to ₹69,78,13,120, comprising 13,95,62,624 equity shares. The newly issued shares will rank equally with existing shares and have no lock-in period.
This is a routine ESOP allotment with a small dilution of about 0.11% to existing shareholders. Minimal impact on stock price expected; reflects normal employee compensation activity.