Allotment of 2,251,425 equity shares on conversion of warrants.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajvi Logitrade Ltd has allotted 22,51,425 equity shares (face value Rs. 10 each) following the conversion of warrants that were originally issued on March 28, 2024 at Rs. 10 per warrant. The total value of this allotment is approximately Rs. 1.69 crore. The shares were allotted to three promoter-group allottees (Rajvi, Khushi, and Shaan Maulin Acharya — 5,40,475 shares each, 8.54% stake each) and one non-promoter QIB investor, Coeus Global Opportunities Fund (6,30,000 shares, 9.96% stake). Post-allotment, the company's paid-up equity share capital has increased to Rs. 6,32,55,250, comprising 63,25,525 equity shares. The newly issued shares will rank equally with existing shares in all respects.
This is a dilution event — the share count has risen to 63,25,525 shares from the earlier base, spreading equity across more shares. Promoter-group entities and a QIB fund have strengthened their stakes, which may be seen as a confidence signal, though the issue price equals face value (Rs. 10), indicating no fresh valuation premium was paid by incoming investors.