Starlineps Enterprises Ltd

StarlinePS Enterprises Raises ₹42 Cr via Equity, Eyes ₹288 Cr More via Warrants 📈

- Issued up to 7 crore equity shares to non-promoters at ₹6 per share (₹1 face value + ₹5 premium), raising ₹42 crore.

- Approved up to 48 crore convertible warrants at ₹6 each, potentially raising ₹288 crore upon full conversion; warrants have an 18-month tenor.

- Post-allotment, promoter shareholding is 39.12% and non-promoter shareholding is 60.88%.

- Equity shares allotted to 199 non-promoter investors; top recipients include Jinaykumar Koradiya (25 lakh shares) and Vikramkumar Jain (16.66 lakh shares).

- Promoters Varshaben Koradiya and Dhirajbhai Koradiya received 10 crore and 11.51 crore warrants respectively.

- Non-promoters Kamya Kamdar and Piyush Mavani each received 6.42 crore warrants, the largest among non-promoters.