L.T. Elevator allots 21 lakh shares and 5.3 lakh warrants on preferential basis
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.1 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved allotment of 21,00,078 equity shares at Rs 188 each (face value Rs 10, premium Rs 178) and 5,31,914 fully convertible warrants (25% paid upfront, balance within 18 months) to 13 non-promoter allottees on preferential basis. Bandhan Small Cap Fund received 10.80 lakh shares (5.08 percent post-issue holding). Paid-up equity capital increased to Rs 21.26 crore (2.12 crore shares of Rs 10). Combined dilution from shares and potential warrant conversion is about 12.5 percent.
Dilution of about 12.5 percent from shares and warrant conversion. Bandhan Small Cap Fund entry is a positive signal.