Pakka allots shares and warrants at Rs 110 via preferential issue
PAKKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 1.4 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Pakka Limited has allotted 27,20,000 equity shares at Rs 110 each (face value Rs 10, premium Rs 100) to 4 non-promoter investors, raising Rs 29.92 crore. Separately, allotted 77,00,000 fully convertible warrants at Rs 110 each to promoter group entity Yash Agro Products, aggregating Rs 84.70 crore, with 25% upfront money of Rs 21.175 crore received. Paid-up equity capital rises from Rs 44.94 crore to Rs 47.66 crore, and up to Rs 55.36 crore if warrants convert fully within 18 months. 13,90,000 warrants were unsubscribed. Allottees include Neo Special Credit Opportunities Fund variants.
Dilution risk: equity base rises about 6% now, up to 23% on full warrant conversion in 18 months. Around Rs 51 crore raised for growth.