Viji Finance Ltd has completed a preferential allotment of 3.04 crore equity shares, raising ₹6.38 crore. This follows the conversion of warrants by nine non-promoter investors. The company's paid-up capital increased to ₹17.29 crore.
Viji Finance Completes Preferential Allotment, Infuses ₹6.38 Crore
3.04 crore equity shares allotted at ₹2.80 per share, raising ₹6.38 crore.
Reader Takeaway: Successful capital infusion; monitor remaining warrants for future dilution.
What just happened
Viji Finance Ltd has successfully executed a preferential allotment, converting warrants into equity shares. This action involved 3.04 crore equity shares being allotted at an issue price of ₹2.80 per share, resulting in a total capital infusion of ₹6.38 crore from nine non-promoter investors.
Why this matters
This capital infusion directly increases Viji Finance's paid-up equity capital from ₹14.25 crore to ₹17.29 crore. It signifies a successful step in strengthening the company's financial base. The allotment increases the equity base and brings in fresh capital.
The backstory
Investors had initially paid 25% of the issue price on June 16, 2026. The Preferential Allotment Committee of Viji Finance met on June 29, 2026, to approve the conversion after receiving the remaining 75% payment for the warrants.
What changes now
The company's issued and paid-up equity capital has seen a substantial increase. The newly allotted shares are on par with existing shares and are subject to lock-in periods as per SEBI guidelines.
Risks to watch
A significant overhang remains with 5.81 crore warrants still outstanding, held by 10 warrant holders. Future conversion of these warrants will lead to further equity dilution and expansion of the capital base.
Peer comparison
(No specific peer comparison data available in the filing).
Context metrics (time-bound)
- Equity Shares Allotted: 3.04 crore
- Issue Price: ₹2.80 per share
- Total Capital Infusion: ₹6.38 crore
- New Paid-up Equity Capital: ₹17.29 crore
- Prior Paid-up Equity Capital: ₹14.25 crore
- Remaining Outstanding Warrants: 5.81 crore warrants
What to track next
Investors should closely monitor the conversion of the remaining 5.81 crore warrants. Their conversion will impact the company's shareholding pattern and future equity dilution.