Conversion of Warrants and Allotment of Equity Shares

Warrants ConvertedFund Raising View source PDF

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▲ 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

+13.3%1-day move

₹45.66

prior close

₹46.52

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.9+1.9+1.9+1.9+13.3+9.2+9.5+9.1+8.4+1.7+0.7-9.9-10.2-13.5

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AI summary

Vikram Kamats Hospitality Ltd has allotted 1,44,000 equity shares of ₹10 each to its promoter Dr. Vikram V. Kamat, upon conversion of an equal number of warrants. The warrants were originally issued on a preferential basis on 28 September 2024 at ₹74 per share. The balance 70% of the warrant exercise price (₹51.80 per warrant) was received, aggregating ₹74.59 lakh. Post-allotment, the company's paid-up capital increased to ₹17.43 crore with 1,74,33,865 shares. Dr. Kamat's holding rose from 7.38% to 8.15%, holding 14,20,541 shares. There remain 8,10,595 warrants pending conversion, of which 1,20,000 belong to Dr. Kamat, indicating further potential dilution.

Likely market impact

This is a routine warrant conversion by a promoter with no immediate market impact. However, the remaining 8.1 lakh pending warrants (including 1.2 lakh from the promoter) represent future share dilution that investors should monitor.