Viji Finance has completed a preferential allotment of 8.85 crore warrants at ₹2.80 each, receiving ₹6.20 crore upfront. This capital raise follows a revision in the total issue size. The company has met regulatory requirements, as certified by its statutory auditor.
Viji Finance Completes Preferential Warrant Allotment
8,85,00,000 warrants allotted; ₹6.20 crore upfront payment received. Reader Takeaway: Company secures immediate liquidity but sees reduced total issue size from initial plans. ## What just happened Viji Finance Ltd. has successfully completed a preferential allotment of 8,85,00,000 warrants. The statutory auditor has certified the receipt of ₹6.20 crore (619.50 lakh) as the mandatory 25% upfront payment for these warrants. Each warrant was issued at a price of ₹2.80. ## Why this matters This allotment brings immediate capital into the company, fulfilling a part of its fundraising objective. The upfront payment ensures regulatory compliance with SEBI (ICDR) Regulations, 2018. This capital can be used for the company's operational and growth needs. ## The backstory The preferential issue saw a revision from its original plan. Three proposed investors, Vicky R. Jhaveri HUF, Rajesh Nanubhai Jhaveri HUF, and Mrs. Harsha Rajesh Jhaveri, did not participate in the revised allotment. This led to a reduction in the total number of warrants and the total aggregate value of the issue. ## What changes now The company has now formally allotted the revised number of warrants. The upfront funds received will bolster its liquidity. The remaining 75% payment for these warrants will be due later, and the warrants are convertible into equity shares. ## Risks to watch The reduced fundraising size compared to the original proposal indicates lower investor confidence or participation than initially anticipated. Investors will monitor the conversion of these warrants into equity and the utilization of the raised funds. ## Peer comparison Information on peer fundraising activities through preferential warrants is not available in the provided filing. ## Context metrics (time-bound) * **Allotment Committee Approval Date:** June 16, 2026 * **Warrants Allotted:** 8,85,00,000 * **Issue Price per Warrant:** ₹2.80 * **Total Upfront Amount Received:** ₹6.20 crore (619.50 lakh) * **Originally Proposed Total Value:** ₹35.70 crore * **Revised Actual Total Value:** ₹24.78 crore ## What to track next Investors should track the company's future announcements regarding the remaining payment for the warrants and their conversion into equity shares. Monitoring the utilization of the funds raised will also be crucial.
