Medicamen Organics Allots Equity Shares and Warrants in Preferential Issue; Paid-up Capital Increases to INR 14.88 Crore

Medicamen Organics Allots Equity Shares and Warrants in Preferential Issue; Paid-up Capital Increases to INR 14.88 Crore​

Medicamen Organics Limited has announced the preferential allotment of equity shares and convertible warrants, resulting in a significant increase in the company’s paid-up share capital. The Board's decision led to the allotment of 27,14,285 fully paid-up equity shares and 11,85,715 warrants convertible into equity shares.

The preferential issue was conducted for an aggregate amount of INR 13,65,00,000/- (Rupees Thirteen Crore Sixty-Five Lakh Only). The allotment was made to identified individuals across the promoter and non-promoter groups. Both equity shares and warrants have a face value of INR 10/- each and were issued at an issue price of INR 35/ per security.

Following this transaction, Medicamen Organics Limited's paid-up share capital increased from INR 12,16,59,100/- to INR 14,88,01,950/-. The company now has a total of 1,48,80,195 equity shares with a face value of INR 10/ each.

Key Details of the Allotment​

The allotment included two types of securities: equity shares and warrants.

Equity Shares Allotment Summary:
Medicamen Organics allotted 27,14,285 equity shares totaling INR 9,49,99,975/- to individuals in both the Promoter and Non-Promoter categories. Mr. Bal Kishan Gupta, belonging to the Promoter group, received 7,14,285 equity shares for consideration of INR 2,49,99,975. Mr. Pradeep Kumar Jain, from the Non-Promoter category, was allotted 20,00,000 equity shares against a consideration of INR 7,00,00,000.

Warrants Allotment Summary:
A total of 11,85,715 warrants were issued, generating an aggregate consideration of INR 4,15,00,025. Mr. Bal Kishan Gupta (Promoter) received 1,85,715 warrants for INR 65,00,025. Mr. Pradeep Kumar Jain (Non-Promoter) received the remaining 10,00,000 warrants against a consideration of INR 3,50,00,000.

Shareholding Status Post Allotment​

The transaction involved two investors in total. The post-allotment holding details are as follows:


The equity shares allotted to investors are subject to lock-in provisions specified under SEBI ICDR Regulations. The warrant holders have an option to subscribe to an equivalent number of equity shares within a period of 18 months from the date of allotment by paying the remaining consideration.

MEDIORG Stock Price Movement​

As of 1:19 PM, shares of Medicamen Organics Limited are slipping by 4.76% in live trading, currently at ₹20 as it trades down from yesterday's close of ₹21. The stock has seen a total traded volume of 6,000 shares so far into the session.