Affle India Completes Fresh Allotment of 12.77 Lakh Shares

12,77,155 equity shares have been allotted to Affle Holdings Pte. Ltd. at Rs 1,487 per share. The company’s total paid-up equity share capital now stands at Rs 287,791,654.

Reader Takeaway: Promoter commitment continues via systematic warrant conversion, strengthening the balance sheet with substantial capital infusion.

What just happened

Affle India has successfully converted a tranche of 12,77,155 warrants into equity shares for its promoter, Affle Holdings Pte. Ltd. The transaction was executed at an issue price of Rs 1,487 per share, with the company receiving the final 75% balance of Rs 1,115.25 per share required for this specific conversion tranche. The company has now begun the formal procedure to list these newly issued shares on both the BSE and the NSE.

Why this matters

This allotment is part of a broader capital raising plan involving 74,00,000 warrants initially issued to the promoter. To date, 30,16,443 warrants have been converted, representing a total capital infusion of Rs 6,115.04 million against an expected aggregate commitment of Rs 11,003.80 million. For shareholders, this represents a steady and committed path toward the company’s planned capital expansion.

Context and Mechanics

Each warrant carries a face value of Rs 2. The exercise follows the standard structure where 25% of the capital was received upfront at the time of the original warrant allotment, with the remaining 75% settled upon the exercise of this conversion. The total issued and paid-up capital of the company has now risen to 143,895,827 shares of Rs 2 each.

What to track next

Investors should monitor the remaining balance of the 74,00,000 warrant pipeline. Tracking the pace of future conversions will be essential for gauging the promoter’s ongoing liquidity support and the timing of the remaining capital inflow.