Advance Multitech allots 97,25,000 warrants at Rs.40 each; Rs.9,72,50,000 upfront received
Advance Multitech · Industrial Products
Key highlights
- Board resolution dated October 27, 2026 approved the allotment; members approved the preferential issue at the AGM on September 28, 2026
- Each warrant is issued at Rs.40 with Rs.10 (25%) paid upfront; upfront consideration aggregates Rs. 9,72,50,000 for 97,25,000 warrants
- Conversion into equity shares needs the balance Rs.30 per warrant (75%) within 18 months of allotment; 118 investors listed in Annexure I
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
Board Meeting Outcome for Outcome Of Board Meeting For Allotment Of Warrants
Read the filing on BSE (PDF) →Companies guiding to strong growth
Ranked by management's own guidance on revenue and margins — not by us.
Electrical Equipment
Sign up free to see all 6 →
See full rankingsRank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
More from Advance Multitech
- Fundraise / allotmentNotableAdvance Multitech allots 97,25,000 convertible warrants at Rs. 40/- each
Other fundraise / allotment filings this fortnight
- Clean Max Enviro: Q2 results, NCDs up to Rs 3,000 crore approved, IFSC subsidiary planned
- Lloyds Metals and Energy Limited approves Q2 results, investment, and fundraising plans
- Lloyds Metals approves Q2 results, ₹625 crore TEIL investment and USD 300 million debt
- Mena Mani Industries approves Sept 2026 results, hotel venture and software expansion
- Sat Kartar Life Limited receives NSE approval for 5,50,000 convertible warrants issue
- CL Educate Limited approves ₹140 Cr fund raise and reports Q2 FY27 financials
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
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.