Allotment of 17666663 (One Crore Seventy Six Lakhs Sixty Six Thousand Six Hundred Sixty Three) Equity Shares on preferential basis at an issue price of Rs. 12/- per share (including Rs. ....
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Vani Commercials has allotted 1,76,66,663 equity shares to non-promoter/public category allottees on a preferential basis at Rs. 12 per share (face value Rs. 10), a small premium of Rs. 2 over face value. Total consideration is about Rs. 21.2 crore, of which Rs. 8.43 crore is received in cash and Rs. 12.77 crore is through conversion of existing loans into equity. Allottees include entities like Novaxdigital Technologies, Kirtish Technologies, Vani Moto, and several individuals. Post-allotment, paid-up equity capital rises to Rs. 29.41 crore comprising 2,94,07,283 shares, meaning the share count grows by roughly 150% from prior levels.
Existing shareholders face significant dilution as the share base expands by about 1.5x. On the positive side, the company strengthens its balance sheet by converting debt into equity and brings in fresh cash, though the scale of dilution is the dominant concern for retail investors.