Atul Auto Ltd allots 19,36,027 equity shares

The Securities Allotment Committee of Board of Directors of Atul Auto Limited at its meeting held today i.e. Wednesday, March 15, 2023 has issued and allotted 19,36,027 equity shares of face value of Rs.5/- each fully paid-up, at an issue price of Rs.198/- each including a premium of Rs.193/- per share aggregating to Rs.38,33,33,346/- to the allottees as listed below which also includes promoter (including member of promoter group), pursuant to the exercise of conversion of 19,36,027 convertible warrants out of the total 58,08,080 warrants held by warrant holders.

Vijay Kishanlal Kedia (Non-promoter) - 50,50,505 (Total No. of Warrants) - 16,83,502 shares allotted on conversion.

Khushbu Auto Private Limited (Promoter) - 6,56,565 (Total No. of Warrants) - 2,18,855 shares allotted on conversion.

Jayantibhai Jagjivanbhai Chandra (Promoter) - 1,01,010 (Total No. of Warrants) - 33,670 shares allotted on conversion.

The allotment of equity shares has been made for cash, upon the receipt of warrant exercise price of Rs.148.50 per warrant (being balance 75% of issue price of Rs.198/- per warrant), aggregating to Rs.28,75,00,009.50. These equity shares arising on conversion of the warrants, shall rank pari passu in all respects with the existing equity shares.

Shares of Atul Auto Limited was last trading in BSE at Rs. 321.50 as compared to the previous close of Rs. 325.05. The total number of shares traded during the day was 27885 in over 1274 trades.

The stock hit an intraday high of Rs. 335.45 and intraday low of 318.35. The net turnover during the day was Rs. 9120436.00.

Source : Equity Bulls

Keywords

AtulAuto INE951D01028 SharesAllotment VijayKedia Promoter NonPromoter