Nakoda Group of Industries Ltd

Nakoda Group Plans ₹24.36 Crore Fundraise via Convertible Warrants 📊

- Issuing 87,00,000 convertible warrants at ₹28 per warrant, totaling ₹24.36 crore

- Funds allocation: ₹18.02 crore for working capital, ₹6.09 crore for general corporate purposes, ₹0.26 crore for issue expenses

- 25% upfront payment required; remaining 75% due upon conversion into equity shares within 18 months

- Warrants offered to 10 entities, including promoter No CTRL Enterprises LLP (40,00,000 warrants) and non-promoters

- Post-issue, promoter shareholding may decrease from 57.29% to 53.54% if fully converted

- Independent valuer Bhavesh M Rathod provided the valuation report for the issue price