SPML Infra Limited has informed the Exchange regarding allotment of 4244844 securities pursuant to Preferential Issue at its meeting held on April 22, 2026
SPMLINFRA · price
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On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.9 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SPML Infra Limited's Board has allotted 42,44,844 equity shares of Rs 2 face value each at Rs 215 per share (including Rs 213 premium) upon conversion of equal number of warrants. The total fundraising amounts to approximately Rs 91.26 crore. Allotments were made to both promoter group entities (Niral Enterprises, SPML India) and public shareholders including known investor Rekha Jhunjhunwala (5,625 shares). The warrants have been exercised under a preferential issue framework compliant with SEBI ICDR regulations.
This is a dilution event as warrants converted to fresh equity shares, increasing the company's share capital by 42,44,844 shares. The price of Rs 215 per share represents significant premium to face value, suggesting confidence from existing warrant holders including promoters and public investors.