Announced Mon, 11 May · 09:32 IST

As attached

Warrants ConvertedFund Raising View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.6%1-day move

₹50.00

prior close

₹49.00

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+1.9-1.6+3.0-0.8-1.0+1.0+0.0+12.0+28.0+21.5—

Up moveDown movePending

AI summary

Vaxfab Enterprises Limited's Board approved allotment of 1,950,348 equity shares at Rs. 21.02 per share upon conversion of warrants held by 6 investors. The warrant holders exercised their right to convert warrants into fully paid-up equity shares on a preferential basis. The paid-up equity share capital increased to Rs. 25.47 crore comprising 2,54,68,925 shares of Rs. 10 each. The warrants had a tenure of up to 18 months from allotment, with conversion price comprising Rs. 5.255 paid at warrant allotment and Rs. 15.765 paid at conversion. All allotted shares rank pari-passu with existing equity shares.

Likely market impact

This is a dilutive event as nearly 1.95 million new shares were issued, increasing the share count by approximately 8.3%. For existing shareholders, their percentage ownership will decrease, though the company receives capital infusion of approximately Rs. 4.1 crore from warrant conversions.