Vipul allots 8.89 crore convertible warrants at Rs 9.20 each
VIPULLTD · price
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On the reaction day the stock moved 5.8 pts more than Nifty Microcap 250 and 5.4 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vipul Limited allotted 8,89,00,000 fully convertible warrants at Rs 9.20 each on a preferential basis on Feb 27, 2026, for an aggregate of Rs 81.79 crore. Promoter Punit Beriwala got 1.24 crore warrants, while 15 public category allottees, including Bima Pay Technology and KSJ Estates, received the balance. The company has received 25 percent upfront payment. Current paid-up equity stands at 14,09,59,480 shares of Re 1 each.
Future equity dilution possible on warrant conversion. Promoter participation signals confidence, but pricing and dilution remain key.