20 lakh equity shares allotted on conversion of preferential warrants
Apollo Pipes' Finance Committee approved allotment of 20 lakh fully paid-up equity shares of face value ₹10 each to KITARA PIIN 2401, a Non-Promoter investor.
By ScoutQuest · · 2 min read
- Shares Allotted
- 20 lakh fully paid-up equity shares of face value ₹10 each
- Issue Price per Warrant
- ₹550 per warrant; balance 75% = ₹412.50 per warrant, totalling ₹82.5 crore
- Post-Allotment Paid-up Capital
- ~₹46.05 crore across ~4.6 crore shares; allottee holds 4.34%
What was announced
The Finance Committee of the Board of Apollo Pipes Limited, at its meeting held on October 17, 2026, approved the allotment of 20 lakh fully paid-up equity shares of face value ₹10 each to KITARA PIIN 2401, an investor in the Non-Promoter category. These shares were allotted upon exercise and conversion of 20 lakh fully convertible warrants that had been issued on a preferential basis at an issue price of ₹550 per warrant.
How the money came in
- Issue price: ₹550 per warrant, which includes a securities premium of ₹540 per share.
- Total issue consideration for the 20 lakh shares: ₹110 Crore, comprising ₹27.50 crore paid at the time of subscription to the warrants and the balance on conversion.
- The balance was ₹412.50 per warrant, being 75% of the issue price, aggregating ₹82.5 crore (Rupees Eighty Two Crore Fifty Lakh Only).
- The allotment was approved upon receipt of this balance consideration.
What changes in the share capital
- Paid-up equity share capital rises from ~₹44.05 crore, comprising ~4.4 crore equity shares of ₹10 each, to ~₹46.05 crore, divided into ~4.6 crore equity shares of ₹10 each.
- The new equity shares rank pari-passu with the existing equity shares of the company.
Allottee's shareholding
- Pre-allotment: Nil (0%).
- Post-allotment: 20 lakh equity shares, or 4.34%.
- Number of investors in this preferential allotment: 1 (One).
How a retail investor may read this
This is the second leg of a preferential issue that was disclosed earlier: warrants already allotted are now converted into equity shares because the balance payment has come in. The mechanical effect is that the company's total number of equity shares in circulation goes up from 4,40,48,206 to 4,60,48,206, against fresh money of ₹82.5 crore and a total issue consideration of ₹110 Crore. The update sets out the price, the amount received and the allottee's 4.34% post-allotment holding, which lets an investor judge the size of the issue relative to the existing share base. The perception such a update creates is generally that of a previously approved capital-raising step being completed, with the resulting change in the number of shares outstanding.
Also from Apollo Pipes
Apollo Pipes Ltd shareholder buys 4.34% stake, holding rises to 8.35%
22 Oct 2026
More numbers
- Equity shares allotted20,00,000
- Face value per equity share₹10
- Issue price per warrant₹550
- Balance consideration per warrant₹412.50
- Balance amount received on conversion₹82,50,00,000
- Total issue consideration₹110 Crore
- Paid-up equity share capital after allotment₹46,04,82,060
- Allottee's post-allotment shareholding4.34%
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