Advance Multitech allots 97,25,000 convertible warrants at Rs. 40/- each
Advance Multitech · Industrial Products
Key highlights
- Board allotted 97,25,000 fully convertible warrants on October 27, 2026 at Rs. 40/- each, including a premium of Rs. 30/- per warrant, for an aggregate consideration of Rs. 38,90,00,000/-.
- Warrants went to 118 non-promoter investors; each converts into one equity share of face value Rs. 10/-.
- Rs. 9,72,50,000/- (25%, Rs. 10/- per warrant) was received upfront; balance Rs. 30/- per warrant (75%) is due on conversion within 18 months of allotment.
Why it's rated notable: the amount is 26% of market value (20% to 50%)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Allotment
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from Advance Multitech
- Fundraise / allotmentNotableAdvance Multitech allots 97,25,000 warrants at Rs.40 each; Rs.9,72,50,000 upfront received
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Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.