Sejal Glass allots 13 lakh shares and 4 lakh warrants on preferential basis
SEJALLTD · price
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sejal Glass has allotted 13 lakh equity shares at Rs 555 per share (face value Rs 10, premium Rs 545) to 18 allottees on a preferential basis. Major allottees include Abakkus Growth Fund-2 (5 lakh shares) and promoter Chandrakant Gogri (4 lakh shares). The company also issued 4 lakh unlisted convertible warrants at Rs 555 each to promoter group entities, exercisable within 18 months. Total potential dilution is 17 lakh shares.
Capital raise supported by institutional investor Abakkus Fund; 17 lakh potential share dilution may pressure stock in near term.