Allotment of equity shares upon conversion of warrants issued on preferential basis.
KRIDHANINF · price
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.
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.