Announced Tue, 23 Jun · 17:10 IST
Allotment of 1.17 crore equity shares at Rs 13 on preferential basis
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+4.7%1-day move
₹10.30
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+4.7+3.9+2.9+5.3+3.0+2.2+12.6+31.6——
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AI summary
Super Crop Safe Ltd has allotted 1,17,44,722 equity shares at Rs 13 each to non-promoters Wherrelz IT Solutions and Voltrix INC, totaling about Rs 15.27 crore. This is a preferential issue for conversion of outstanding unsecured loans into equity. Post-allotment, paid-up share capital rises from 4.02 crore to 5.20 crore equity shares of Rs 2 face value.
Likely market impact
Loan-to-equity conversion strengthens balance sheet but dilutes existing shareholders by about 29 percent as new investors gain significant stakes.