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Awaiting price reaction for this filing.
Rajvi Logitrade Ltd has allotted 22,51,425 equity shares pursuant to the conversion of warrants that were originally issued on March 28, 2024 at Rs. 10 per warrant. The new shares were allotted at Rs. 10 per share (face value), aggregating to roughly Rs. 1.69 crore. Of the total, 16,21,425 shares went to three promoter group members (Rajvi, Khushi, and Shaan Acharya, each getting 5,40,475 shares / 8.54% holding post-issue), while 6,30,000 shares (9.96%) were allotted to Coeus Global Opportunities Fund, a non-promoter QIB. Following this allotment, the company's paid-up equity share capital has risen to Rs. 6.33 crore, comprising 63,25,525 equity shares of Rs. 10 each. All allottees were new shareholders with zero pre-issue holdings in the company.
The conversion expands the shareholder base but dilutes existing equity holders. Promoters together hold about 25.6% post-issue, while the QIB's 9.96% stake signals some institutional interest. With shares issued at face value and the small size of the issue (Rs. 1.69 crore), the immediate price impact is likely limited, though the entry of promoter family members and a fund as new shareholders could be viewed as a mild positive signal.