Announced Mon, 13 Jul · 16:41 IST
Warrants converted to 6,50,500 equity shares; Rs 32.91 cr raised
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.6%1-day move
₹872.50
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+3.6+3.3+1.6+3.0+1.8+1.9————
Up moveDown movePending
AI summary
Sobhagya Mercantile board approved allotment of 6,50,500 equity shares at Rs 674.49 each (face value Rs 10, premium Rs 664.49) to Nova Global Opportunities Fund PCC-Touchstone on conversion of warrants. Company received Rs 32.91 crores. Paid-up equity capital rose from Rs 9.75 cr to Rs 10.40 cr (97.49 lakh to 1.04 crore shares). Warrants were originally allotted on 3 June 2026 on preferential basis after EGM approval on 20 April 2026.
Likely market impact
Equity base expands by about 6.7 percent, diluting existing shareholders. About Rs 32.91 cr of fresh capital added to the company.