Mish Designs Ltd Announces Preferential Allotment of Equity Shares and Warrants
Mish Designs Ltd has announced the preferential allotment of equity shares and warrants, following a Board meeting held on July 28, 2026. The company issued 2,63,160 Equity Shares and 2,45,615 warrants convertible into Equity Shares to various allottees.The issuance was conducted at an issue price of Rs. 57/- per Equity Share and Warrant. The shares consist of a face value of Rs. 10/- and a premium of Rs. 47/-, while the allotment of warrants is structured similarly.
Details regarding the share and warrant allotment, along with corresponding financial outcomes, are summarized below:
| Security Type | Quantity Allotted | Issue Price (per unit) | Total Subscription Amount |
|---|---|---|---|
| Equity Shares | 2,63,160 | Rs. 57/- | Rs. 1,50,00,120/- |
| Warrants convertible into Equity Shares | 2,45,615 | Rs. 57/- | Rs. 35,00,013.75/- |
The company received subscription money of Rs. 1,50,00,120/- for the issue of equity shares and Rs. 35,00,013.75/– against the issuance of warrants. The amount collected against the warrants represents 25% of the total issue price of warrants.
The allotted securities are subject to conversion terms specified during the allotment process. The warrants convertible into equity shares can be converted at any time within a period of 18 months from the date of allotment. All warrant holders must pay the remaining 75% balance upon the allotment of Equity Shares following the exercise of their option of conversion.
A total of five investors were involved in the subscription process for both the equity shares and warrants allotments.
Stock Price Movement
At the close of trade today, shares of Mish Designs Ltd settled at ₹30.24 on Tuesday, sinking 4.97% from its previous session's close. The stock traded completely flat throughout the day, maintaining the same intraday high and low at that single price point.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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