Intimation for Allotment of Equity shares and Convertible warrants.
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Rose Merc Ltd has allotted 79,778 equity shares at Rs. 90 per share (face value Rs. 10, premium Rs. 80), raising Rs. 71.80 lakh on a preferential basis. The company also issued 1,36,000 convertible warrants at Rs. 90 per warrant, which can be converted into equity shares within 18 months, bringing in up to Rs. 30.60 lakh more (25% already received). All 8 allottees belong to the Non-Promoter category, including individuals and one HUF. Post-allotment, the company's paid-up equity capital rises from 58,31,046 shares to 59,10,824 shares, a small dilution of about 1.4%.
This is a small preferential fundraising (total under Rs. 1 crore including warrants) from non-promoter investors, leading to minor share dilution. Existing shareholders may see a small dip in their holding percentage, but the capital infusion adds modest liquidity to the company.