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Rishi Laser Limited has allotted 8,00,000 equity shares upon full conversion of an equal number of share warrants originally allotted on 7th November 2024. The issue price was Rs. 150 per share (Rs. 10 face value + Rs. 140 premium). All 9 warrant holders — including promoter Harshad Patel (1,25,000 warrants) and 8 public allottees — exercised their conversion right simultaneously. The company received the balance 75% of the warrant price (Rs. 112.50 per warrant), totaling Rs. 12 crore. Post-allotment, the company's paid-up equity capital stands at Rs. 9,99,26,000 comprising 99,92,600 shares. The new shares rank pari-passu with existing shares.
Warrant conversion increases the share count by ~8.7%, which is a moderate dilution for existing shareholders. The Rs. 12 crore inflow is received as the company already had the warrants outstanding since November 2024.