Allotment of shares via warrant conversion and preferential issue

Warrants ConvertedFund Raising View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+2.2%1-day move

₹66.03

prior close

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base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+2.2+6.9+7.5+0.7+1.5+5.6————

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AI summary

Board allotted 33.75 lakh equity shares to promoter group on conversion of warrants at Rs 20 each, raising about Rs 5.06 crore. Separately, 12 lakh shares allotted to 15 non-promoter investors at Rs 57 each via preferential issue, raising Rs 6.84 crore. Paid-up equity capital rises to Rs 28.47 crore (2.847 crore shares of Rs 10 each).

Likely market impact

Equity dilution from new share issuance; fund infusion may support growth but increases total share count.