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Awaiting price reaction for this filing.
Niyogin Fintech has allotted 1,05,000 equity shares (face value Rs. 10 each) to eligible employees who exercised their stock options under the NFL – Employee Stock Option Plan 2018. The shares were issued at exercise prices of Rs. 29.40, Rs. 46.04, and Rs. 50.45 depending on the grant tranche. After this allotment, the total issued shares stand at 11,12,32,426, taking the total share capital to Rs. 111.23 crore. The company has clarified that this allotment is not material in nature, and no lock-in applies to these shares. The new shares will rank equally with existing equity shares and will be listed on BSE.
This is a routine ESOP allotment with no lock-in or material dilution concerns, so it is unlikely to have any meaningful impact on the stock price. Existing shareholders face minor dilution of about 0.09% on the expanded share base.