Announced Thu, 14 May · 16:24 IST
Announcement under Regulation 30 - Allotment of Shares.
KRIDHANINF · price
▲ 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
-9.9%1-day move
₹3.04
prior close
₹3.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+3.0+3.0+0.0-9.9-4.3+0.3+4.9+4.3+3.0-1.3-3.3-10.9—
Up moveDown movePending
AI summary
Kridhan Infra Ltd has allotted 1,20,00,000 fully paid-up equity shares of ₹2 each at ₹4.05 per share (including ₹2.05 premium), raising ₹4.86 crore. The shares were issued upon conversion of warrants after receiving the balance 75% of the issue price from warrant holders. Three investors participated: Shri Bajrang Commodity LLP (72 lakh shares), Mr. Sanjay Kumar Agrawal (12 lakh shares), and Mr. Shashwat Agrawal (36 lakh shares).
Likely market impact
This is a dilutionary event as 1.2 crore new shares are issued, increasing the share capital. The warrant conversion brings in fresh capital without additional debt burden on the company.