Allotment of equity shares upon conversion of warrants issued on preferential basis.

Warrants ConvertedFund Raising View source PDF

KRIDHANINF · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-7.7%1-day move

₹2.46

prior close

₹2.42

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.4+2.1+1.7+1.7-7.7-3.7-8.9-8.5-8.5-20.3+0.0+5.3+11.4+19.1

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AI summary

Kridhan Infra has allotted 48,00,000 equity shares to 4 investors upon conversion of warrants issued earlier on a preferential basis. The shares were issued at ₹4.05 per share (face value ₹2 + premium of ₹2.05), aggregating to about ₹1.94 crore. The allotments went to Mr. Pankaj Kapasi (12 lakh), Ms. Payal Payal Kapasi (12 lakh), Pankaj Kapasi HUF (12 lakh), and Chaitali Atish Laddad (12 lakh). This allotment was made after the warrant holders paid the remaining 75% of the issue price to exercise their conversion rights.

Likely market impact

This results in a small equity dilution of about ₹1.94 crore, which is modest in scale. The low issue price (₹4.05) suggests the stock is likely trading near or below this level, meaning the dilution is happening at relatively cheap levels for existing shareholders.