Deep Polymers Ltd allots 2 lakh shares, 10,90,000 warrants

The Board of Directors of Deep Polymers Ltd, in their meeting held today, i.e. on 6th December, 2021, at the Registered Office of the Company, which commenced at 2:00 P.M. and concluded at 3:00 P.M., has considered and allotted 2,00,000 equity shares of Rs. 10/- each be issued at a price not less than Rs. 129/- to Mr. Rameshbhai Patel (100000 Equity Shares) and Ms. Ashaben Patel (100000 Equity Shares).

The board also allotted 10,90,000 warrants convertible into 10,90,000 equity shares of Rs. 10/- each to be issued at a price not less than Rs. 129/- to non-Promoters on a preferential basis upon receipt of 25% of issue price from the allottees in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The above warrants entitle the allottees to apply for and be allotted equal number of equity shares for each warrant held by them on payment of balance 75% of the issue price within 18 months from the date of issue of these warrants.

Shares of Deep Polymers Ltd was last trading in BSE at Rs. 467.20 as compared to the previous close of Rs. 467.55. The total number of shares traded during the day was 79340 in over 1136 trades.

The stock hit an intraday high of Rs. 473.90 and intraday low of 465.00. The net turnover during the day was Rs. 37180995.00.

Source : Equity Bulls

Keywords

DeepPolymersLtd INE00IY01012 PreferentialIssue Warrants Shares FundRaising