Sobhagya Mercantile Ltd Allots 6,50,500 Equity Shares via Convertible Warrant Conversion
Sobhagya Mercantile Limited has completed an allotment of equity shares through the conversion of convertible warrants. The Board of Directors confirmed the approval of the issue, which resulted in a significant increase in the company's paid-up capital.The allotment involved 6,50,500 Equity Shares of Face Value Rs. 10/- each to a non-promoter investor. The shares were allotted at an Issue Price of Rs. 674.49/- per share, which includes the face value and a premium of Rs. 664.49/- per equity share.
The conversion process saw the company receive Rs. 32,90,66,808.75/- from the allottee. The warrants were converted at an exercise price of Rs. 505.8675 per share.
Allotment Details and Investors
A total of one investor successfully acquired the shares. The details regarding the allotment are summarized below:| Investor Name | Category | Total Warrants Allotted (June 3, 2026) | Equity Shares Allotted (July 13, 2026) |
|---|---|---|---|
| Nova Global Opportunities Fund PCC- Touchstone | Non-Promoter | 6,50,500 | 6,50,500 |
Capital Structure Update
The paid-up equity share capital of Sobhagya Mercantile Ltd has been updated following the successful conversion and allotment.Prior to this transaction, the company's paid-up equity share capital stood at Rs. 9,74,85,000/-, consisting of 97,48,500 Equity Shares of Face Value Rs. 10/- each. Following the conversion and allotment, the capital now stands at Rs. 10,39,90,000/-, comprising a total of 1,03,99,000 Equity Shares of Face Value Rs. 10/- each.
Stock Price Movement
Sobhagya Mercantile Ltd settled at ₹872.10 on Monday, following a drop of 2.97%. The shares traded through an intraday range, testing a high of ₹901.00 and a low of ₹872.10.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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