Khadim India allots 10.23 lakh convertible warrants at Rs 110 each
KHADIM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.0 pts more than its Footwear peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Khadim India allotted 10,22,727 fully convertible warrants at Rs 110 each on a preferential basis, for a total issue size of about Rs 11.25 crore. Promoter Siddhartha Roy Burman received 2,27,273 warrants, with the balance going to 10 non-promoter allottees. 25% of the money has been received upfront; balance is due on conversion within 18 months. Each warrant converts into one equity share of Rs 10 face value.
Promoter participation shows confidence. Potential dilution of about 5% on full conversion may weigh on price in the near term.