Warrants allotted on preferential basis aggregating to about 67.37 crore rupees
JETFREIGHT · price
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On the reaction day the stock moved 8.1 pts more than Nifty Microcap 250 and 7.5 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jet Freight Logistics has allotted 3,74,27,694 warrants convertible into equal equity shares on a preferential basis at Rs 18 per warrant. Total issue size is Rs 67.37 crore, of which 25% or Rs 16.84 crore has been received upfront. Allottees span 55 entities across promoter and non-promoter categories. Each warrant is convertible into one Rs 5 face value equity share on payment of the remaining Rs 13.5 per warrant.
Potential equity dilution on conversion. Promoters get about 59 percent of warrants. Fresh capital expected when warrants are exercised.