Allotment of 3,15,090 Convertible Warrants at a price of Rs. 264.75/- to person/ entities belonging to the Non-Promoter Category.
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LE Lavoir Limited has allotted 3,15,090 convertible warrants to 10 non-promoter allottees at Rs. 264.75 each (face value Rs. 10 plus a premium of Rs. 254.75) on a preferential basis. Each warrant can be converted into one equity share within 18 months, with allottees having already paid 25% upfront (Rs. 2.09 crore total) and the remaining 75% due at the time of conversion. This allotment is part of a larger preferential issue — combined with 12,66,000 warrants issued on October 15, 2025, total warrants stand at 15,81,090. If all warrants are eventually converted, the company's paid-up equity capital will increase from Rs. 3.24 crore (32.4 lakh shares) to Rs. 4.82 crore (48.21 lakh shares), representing a potential dilution of roughly 49%.
Existing shareholders face significant potential dilution if all warrants are converted, but the company could raise up to ~Rs. 41.85 crore in fresh capital to fund growth. The 18-month conversion window and staggered 75% balance payment give the company flexibility, while the preferential route to non-promoters signals new external investor interest in the stock.