The Board of Directors of the Company at their Meeting held today i.e., on Thursday, 12th June, 2025 had approved the allotment of 14,50,000 (Fourteen Lakh Fifty Thousand) fully paid-up ....
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The Board of I-Power Solutions India Ltd, at its meeting on 12th June 2025, approved the allotment of 14,50,000 fully paid-up equity shares at Rs. 20 per share (face value Rs. 10, premium Rs. 10) on a preferential basis. The company raised Rs. 2.90 crore in cash from three individual allottees — Neena Dharod (5,00,000 shares), J. Murali Krishna (5,00,000 shares), and Tushar P Shah (4,50,000 shares), all classified as 'Public'. Post-allotment, the paid-up equity capital rose from Rs. 4.45 crore (44,49,000 shares) to Rs. 5.90 crore (58,99,000 shares), a dilution of about 32.6% for existing shareholders. The shares will rank pari-passu with existing equity shares, and BSE had already granted in-principle approval on 30th May 2025.
Existing shareholders face meaningful dilution (~32.6% increase in share count) from this preferential issue. While Rs. 2.9 crore is a modest capital infusion, the shares were issued at a 100% premium to face value, which is somewhat positive, though the allotment to a small group of individuals at a fixed price is typically viewed less favorably than a market-priced institutional placement.