Kanpur Plastipack Limited has informed the Exchange regarding allotment of 1012000 warrants pursuant to Preferential Issue at its meeting held on August 07, 2025
KANPRPLA · price
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Kanpur Plastipack has allotted 10.12 lakh fully convertible equity warrants at ₹130 per warrant (including a ₹120 premium over the ₹10 face value), aggregating to about ₹13.16 crore. Allottees have paid ₹40 per warrant upfront (over 25% of the issue price), with the remaining ₹90 payable within 18 months when warrants are converted into equity shares. The warrants were issued to 9 allottees, including promoters Manoj Agarwal and Shashank Agarwal (2.62 lakh warrants), promoter group entities such as Raghushree Earning Solutions LLP (3.85 lakh warrants), and public investors. Promoter and promoter group holdings total around 7.05 lakh warrants, while public allottees received about 3.07 lakh warrants.
The preferential issue will result in dilution of existing shareholders once warrants are converted within 18 months. Promoter participation signals confidence in the company, while the lock-in provisions under SEBI ICDR rules will restrict immediate selling by allottees.