Amic Forging Ltd Allots Equity Shares and Convertible Warrants in Preferential Issuance
Amic Forging Ltd has completed the allotment of equity shares and convertible warrants through a preferential issuance following its Board meeting held on July 9, 2026. The company allotted 26,200 preferred equity shares and 14,22,900 convertible warrants to non-promoters.Equity Shares Allotment Details
The allotment of the equity shares was made on a preferential basis to Iraasa Capital. A total of 26,200 equity shares were allotted at an issue price of Rs. 1525/- per share, which includes a premium of Rs. 150/- per share. The aggregate value of this allotment stood at Rs. 3,99,55,000 (Three Crores Ninety Nine Lakh Fifty Five Thousand Only).The details pertaining to the equity shares allotment are as follows:
| Name of Proposed Allottee | Category | Number of Equity Shares Allotted |
|---|---|---|
| Iraasa Capital | Non Promoter | 26,200 |
The company confirmed that the allotted equity shares will be on par with all existing equity shares and are subject to a specified lock-in period.
Convertible Warrants Allotment Details
Concurrently, the company allotted 14,22,900 convertible warrants at an issue price of Rs. 1525/- each. The total aggregate value realized from the sale of these warrants amounted to Rs. 216,99,22,500 (Two Hundred Sixteen Crores Ninety Nine Lakh Two Thousand Three Hundred Million Rupees Only).The warrants were issued on a preferential basis to several non-promoter investors. Each warrant is convertible into or exchangeable for one equity share of Rs. 10/- upon payment of the balance consideration, which represents 75% of the Warrant Issue Price. The allotted warrants are also subject to a specific lock-in period as per regulations.
The breakdown of the allotment for the convertible warrants is provided in the table below:
| Name of Investors | Number of Warrants Allotted |
|---|---|
| Motilal Oswal Financial Services Limited | 5,63,900 |
| Calliope Capital Advisors LLP | 2,62,300 |
| Motilal Nahari Agrawal | 3,27,800 |
| Rakesh Tanwal | 6,500 |
| Khyati Deepak Suba | 3,200 |
| Infinerise Ventures Private Limited | 1,77,000 |
| Nahesh Dilantilal Shah | 9,800 |
| Suresh Zirconmetallva | 10,000 |
| Ankit Nalongaria HUF | 10,000 |
| Debashree Choudhury Chakraborty | 13,100 |
| Blas & Associates | 78,600 |
Outcome of Subscription
The subscription for the convertible warrants was successful. The total issued quantity stands at 14,22,900 and has been fully subscribed and allotted.The outcome summary of the preferential issuance is summarized below:
| Securities Type | Issued Quantity | Subscribed and Allotted Quantity |
|---|---|---|
| Warrants | 14,22,900 | 14,22,900 |
Stock Price Movement
Amic Forging Ltd. settled at ₹1771.20 today, ticking up 1.04% in post-market trading. The shares moved within an intraday range defined by a low of ₹1760.05 and a high of ₹1809.85.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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