Biopac India Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on July 13, 2007 has approved allotment of 23,00,000 Warrants at a price of Rs 10.42 per Warrant, arrived at as per the SEBI's DIP Guidelines, to the Individual Investors (Non - Promoters) & Independent Directors of the Company on a Preferential Basis.