Naapbooks Ltd Completes Equity Share Allotment from Warrants; Paid-up Capital Reaches Rs 12.21 Crore
Naapbooks Ltd announced that its Board of Directors has approved the allotment of 3,73,314 equity shares following the conversion of warrants into equity shares. The new equity shares hold a face value of Rs. 10/- each and were issued at an issue price of Rs. 61/- per share, including a premium of Rs. 51/-.The allotment process was conducted on a pro-rata basis across various categories of allottees, who had previously held warrants allotted on December 10, 2024. The successful conversion involved two primary groups: the Promoter/Promoter group and Public category allottees.
A total of 3,59,675 equity shares were allotted to members of the Promoter and Promoter group. This was based on the conversion of warrants against the receipt of 25% upfront amounts, totaling Rs. 2,19,40,175/- from nine allottees belonging to the promoter group.
The remaining 13,639 equity shares were allotted to the Public category following the conversion of corresponding warrants. This allotment was settled against receipt of a 25% upfront amount along with a lump sum payment, totaling Rs. 8,32,000/- from one public allottee.
The company provided detailed insights into the outcomes of the warrant conversion and the status of non-converting instruments in its reporting on June 9, 2026.
Status of Warrant Allotment
The deadline for exercising the option to convert warrants into equity shares was June 09, 2026. The allotment process resulted in the lapse or cancellation of a substantial number of remaining warrants due to non-receipt of the balance payment from certain allottees.The detailed figures regarding the status of warrants are presented below:
| Category | Warrants Applied For and Allotted | Conversion into Equity Shares | Amount Received (25% of issue price) | Warrants Lapsed or Cancelled |
|---|---|---|---|---|
| Promoter/Promoter Group | 14,86,700 | 3,59,675 | Rs. 2,26,72,175 | 11,13,386 |
| Public (Non-Promoter) | 48,000 | 13,639 | Rs. 7,32,000 | 34,361 |
The equity shares allotted upon conversion of warrants will rank pari passu with all existing equity shares of the company, including dividends, if any.
Financial Impact and Capital Restructuring
Following this allotment, the paid-up equity share capital of Naapbooks Ltd increased from Rs. 11,84,06,000/- (divided into 1,18,40,600 no. of equity shares) to Rs. 12,21,39,143/- (which is divided into 1,22,13,914 no. of equity shares), maintaining a face value of Rs. 10/- each.The allotment process involved the conversion of warrants into equity shares at the agreed issue price of Rs. 61/- per warrant, adjusted against receipt of the upfront payment. The board confirmed that among the original 26,13,100 warrants allotted on December 10, 2024, a total of 11,13,386 warrants have lapsed or cancelled due to the expiry of the 18-month period without receiving the balance payment.
Stock Price Movement
At the close of trade today, Naapbooks Ltd settled at ₹74.99, edging higher by 0.79%. The shares maintained stability throughout the day, trading within an intraday range from a low of ₹73.00 to a high of ₹75.00.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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