Announced Fri, 3 Apr · 18:42 IST
1.14 Cr Warrants Lapse; ₹12.83 Cr Upfront Amount Forfeited
Fund Raising View source PDF
VIPCLOTHNG · price
▲ 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
+14.1%1-day move
₹20.35
prior close
₹20.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.1-5.7-4.4-2.4+14.1+17.9+15.4+16.9+11.5+8.0+11.2+8.6+28.7+22.9
Up moveDown movePending
AI summary
VIP Clothing informed that all 1,14,05,000 fully convertible warrants issued on a preferential basis on October 3, 2024 at ₹45 per warrant have lapsed after the 18-month conversion window ended April 2, 2026. None of the 15 non-promoter allottees chose to convert. The 25% upfront subscription amount of ₹12,83,06,250 (~₹12.83 crore) stands forfeited by the company. No change in paid-up equity share capital results.
Likely market impact
Negative signal — investors lost confidence and skipped conversion; potential equity dilution avoided but ₹12.83 Cr windfall boosts cash.