Allotment of 2950000 Equity Shares of Rs. 10/- each and 13012000 Convertible warrants of Rs. 10/- each
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On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.9 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Umiya Tubes Limited has allotted 29,50,000 equity shares of face value Rs. 10 each at a price of Rs. 23 per share, raising around Rs. 6.79 crore. Additionally, the company allotted 1,30,12,000 convertible warrants in two tranches (55,00,000 and 75,12,000) at Rs. 23 per warrant, with 25% of the application money received upfront. If all warrants are later converted into shares, the company could potentially raise up to Rs. 29.93 crore more, leading to significant dilution. The allotments were approved in board meetings held on 22nd and 24th December 2025, following BSE's in-principle approval on 10th December 2025.
The share and warrant allotments will lead to equity dilution for existing shareholders, but the company is raising fresh capital which could be used for business expansion or working capital needs. The Rs. 23 issue price is at a premium to the Rs. 10 face value, indicating the stock is trading above par. Investors should watch for what the company plans to do with the funds raised.