Purple Finance allots 45 Lakh Equity Shares on Warrant Conversion

Purple Finance Limited's Finance Committee approved the allotment of 45,00,000 fully paid-up equity shares following conversion of an equivalent number of convertible equity warrants by non-promoter Intellect Money Finvest Private Limited.

Warrant Conversion Background

The allotment stems from 1,00,00,000 warrants issued on December 12, 2025, at Rs. 39 per warrant (face value Rs. 10, premium Rs. 29) after shareholders approved on November 27, 2025, BSE granted in-principle approval on November 28, 2025, and RBI noted on December 3, 2025. Initial 25% subscription (Rs. 9.5 per warrant) was received at allotment.

Intellect Money Finvest, holding all 1 crore warrants, exercised 45 lakh by paying balance 75% (Rs. 29.25 per warrant), generating Rs. 13,16,25,000.

Updated Capital Structure

Pre-allotment paid-up equity capital: 5,44,24,212 shares (Rs. 54,42,42,120).

Post-allotment: 5,89,24,212 shares (Rs. 58,92,42,120).

New shares rank pari-passu with existing equity. Listing/trading applications to follow.

Outstanding Warrants

55,00,000 warrants remain convertible into equity within 18 months from December 12, 2025, upon 75% payment.

Source : Equity Bulls

Keywords

PurpleFinance FundRaising WarrantsConversion EquityShares IntellectMoneyFinvest