Atmastco Completes Preferential Allotment, Raises Total Fund of ₹55 Crore
Atmastco Limited successfully completed a preferential allotment, securing a total fund raise of ₹55,83,87,200/- through the issuance of equity shares and convertible warrants. The allotment was approved by the company's Board of Directors on June 24, 2026.The company allotted a total of 14,23,600 Equity Shares and 22,50,000 Convertible Equity Warrants. Both securities were offered at an issue price of ₹152/- per share or warrant, which includes a premium of Rs. 142.
Details of Equity Share Allotment
The allotment of Equity Shares saw the receipt of 100% of the issue price, aggregating to ₹21,63,87,200/. The shares were distributed among 16 non-promoter/public allottees.The details regarding the equity share allocation are provided below:
| Category | Total Equity Shares Allotted |
|---|---|
| Non-Promoter/Public | 14,23,600 |
Convertible Warrants Details
Regarding the Convertible Equity Warrants, 22,50,000 warrants were allotted on a preferential basis. Of these, the company received payment equivalent to 25% of the issue price, totaling ₹8,55,00,000/-. The remaining 75%, amounting to ₹25,65,00,000/, is payable by warrant holders at the time of exercise their option for conversion into Equity Shares.The warrants are convertible within a period not exceeding 18 months from the date of allotment.
Allotment and Financial Summary
The preferential allotment was made to promoter and non-promoter categories, including both equity shares and convertible warrants. The details of the allocation across various investors and the post-allotment financial status are summarized in the table below:Equity Share Allotment Details:
| Metric | Value |
|---|---|
| Total Equity Shares Allotted | 14,23,600 |
| Subscription Amount (100%) | ₹21,63,87,200/- |
Convertible Warrants Details:
| Metric | Value |
|---|---|
| Total Warrants Allotted | 22,50,000 |
| Subscription Amount Received (25%) | ₹8,55,00,000/- |
| Future Payment Due (75%) | ₹25,65,00,000/- |
Post-Allotment Capital Structure:
The allotment has significantly impacted the company's capital structure. The existing paid up equity was reported as 24,73,46,900/-, which, when considering the full conversion of warrants, projects a Post-Allotment Paid-up Equity Share Capital of 28,40,82,900/-.
The Board considered and approved the allotment to all respective investors across both categories.
ATMASTCO Stock Price Movement
Atmastco Limited shares settled lower today after shedding 0.96% in trading and closing at ₹174.05. The stock saw solid activity during the session, with a total traded volume recorded at 31,600 shares.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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