Shalimar Paints Ltd

Shalimar Paints Preferential Issue: Rs. 70,57,61,120 Cash, Pro Fin Ineligible, HIML Swap Details 📊

- Pro Fin Capital ineligible; 41,51,536 shares not allotted

- Total cash: 83,03,072 shares; Rs. 70,57,61,120

- Issue price: Rs. 85 each (Face Value Rs. 2 + Premium Rs. 83)

- HIML swap: Equity Rs. 267.00, CCPS Rs. 2,13,867.00 each

- Promoters to subscribe to 3,01,98,027 equity & 76,47,07,880 CCPS

- CCPS conversion: 6 to 18 months from allotment

- Proceeds: Rs. 52.93 Cr working capital, Rs. 17.64 Cr general corporate

- Santosh Hybrid Seeds, Shri Ram Gupta, Mehul Agarwal ineligible; replaced by HIML shareholders

- Non-cash equity: 41,70,21,987; CCPS: 81,12,02,664 (unchanged)

- Pre-preferential: 8,37,11,178; post full conversion: 1,32,02,38,901