NewsSG Finserve Limited Allots 54.47 Lakh Equity Shares Through Warrant Conversion Worth ₹183.84 CroresSG Finserve Limited Allots 54.47 Lakh Equity Shares Through Warrant Conversion Worth ₹183.84 Crores
SG Finserve Limited allotted 54,47,222 equity shares through warrant conversion on March 27, 2026, raising ₹1,83,84,37,425 at ₹450 per warrant. The allotment involved both promoter and non-promoter categories, with Shri Rohan Gupta receiving the largest allocation of 28,25,000 shares. The company's paid-up capital increased to ₹65,26,72,220, comprising 6,52,67,222 equity shares of ₹10 each.
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SG Finserve Limited has completed the allotment of 54,47,222 equity shares through warrant conversion, raising ₹1,83,84,37,425 from investors. The Allotment Committee of the Board of Directors approved this conversion on March 27, 2026, marking a significant capital raising exercise for the financial services company.
Warrant Conversion Details
The allotment stems from 1,00,00,000 fully convertible warrants of face value ₹10 each that were initially allotted on October 25, 2024. Investors exercised 54,47,222 of these warrants by paying the balance amount of ₹337.5 per warrant, representing 75% of the total issue price of ₹450 per warrant.
| Parameter: | Details |
|---|---|
| Total Amount Raised: | ₹1,83,84,37,425 |
| Issue Price per Warrant: | ₹450 |
| Balance Amount Paid: | ₹337.5 per warrant |
| Face Value per Share: | ₹10 |
| Allotment Date: | March 27, 2026 |
Allottee Breakdown
The warrant conversion involved both promoter and non-promoter categories, with five distinct allottees participating in the exercise:
| Allottee: | Category: | Shares Allotted: |
|---|---|---|
| Shri Rohan Gupta: | Promoter | 28,25,000 |
| RBA Finance and Investment Company: | Non-Promoter | 11,11,111 |
| Shri Ashish Kacholia: | Non-Promoter | 11,11,111 |
| AGDG Enterprises LLP: | Non-Promoter | 2,00,000 |
| Anubhav Gupta Enterprises LLP: | Non-Promoter | 2,00,000 |
| Total: | 54,47,222 |
Shri Rohan Gupta, classified as a promoter, emerged as the largest allottee with 28,25,000 shares, while RBA Finance and Investment Company and Shri Ashish Kacholia each received 11,11,111 shares.
Impact on Share Capital
Following this allotment, SG Finserve Limited's issued and paid-up capital has increased substantially to ₹65,26,72,220, now comprising 6,52,67,222 equity shares of ₹10 each. The newly allotted equity shares will rank pari passu with the existing equity shares of the company, ensuring equal rights and privileges for all shareholders.
Meeting Details
The Allotment Committee meeting that approved this conversion was conducted on March 27, 2026, commencing at 12:30 p.m. and concluding at 01:00 p.m. The decision was communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for SG Finserv
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.51% | +18.43% | +15.14% | +25.85% | +13.95% | +13.95% |
How will SG Finserve utilize the ₹183.84 crore raised to expand its financial services operations and market presence?
What are the company's plans for the remaining 45.53 lakh unexercised warrants that are still outstanding?
Will the significant increase in share capital and promoter holding impact SG Finserve's dividend policy or future equity fundraising strategy?
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