Announced Wed, 15 Jul · 14:13 IST
Sambhv Steel Tubes to raise up to Rs 100 crore via warrants on preferential basis
Fund Raising View source PDF
SAMBHV · price
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Price reaction · full curve 14 horizons · vs prior close
-2.3%1-day move
₹122.35
prior close
₹127.31
base price
In-mkt
timing
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AI summary
Board approved issuing up to 86,95,400 fully convertible warrants at Rs 115 each (face value Rs 10, premium Rs 105) on a preferential basis to raise up to Rs 100 crore. The 7 allottees include promoters Suresh Kumar Goyal and Vikas Kumar Goyal, promoter group Anjaneya Minerals, and non-promoters Bhavesh Khetan, Bikash Agrawal, Saurabh Patil and Anu Garg. Warrants have 18-month tenure; 25 percent upfront, 75 percent on conversion to equity.
Likely market impact
Potential dilution if warrants convert; promoter participation signals confidence. Subject to shareholder approval at EGM on August 10, 2026.