🧠 At a Glance:
APS Ltd (Australian Premium Solar India) has just allotted 3.5 lakh equity shares and 70,000 convertible warrants at ₹433 apiece, raising over ₹15 crore through a preferential issue. Non-promoters got the equity shares, while the warrants went to—you guessed it—the promoter.
It’s the classic Indian SME love story: sunlight, equity, and some light warrant drama.
💼 Breakdown of the Deal:
📊 Equity Shares Allotment
| Name | Category | No. of Shares | Amount Raised (₹ Cr) |
|---|---|---|---|
| Nitaben Alpeshbhai Patel | Non-Promoter | 1,75,000 | ₹7.58 Cr |
| Hency Monil Patel | Non-Promoter | 1,75,000 | ₹7.58 Cr |
| Total | 3,50,000 | ₹15.15 Cr |
Each share: ₹433 (Face Value ₹10 + Premium ₹423)
🧾 Warrant Allotment
| Name | Category | No. of Warrants | Initial Payment (25%) |
|---|---|---|---|
| Nikunjkumar C. Patel | Promoter | 70,000 | ₹75.78 lakh |
Each warrant gives the right to buy 1 equity share later (within 18 months) at ₹433. Balance ₹2.27 Cr to be paid on conversion.
🏗️ Impact on Capital:
| Before Allotment | After Allotment |
|---|---|
| ₹19.74 Cr paid-up capital | ₹20.09 Cr paid-up capital |
| 1,97,40,000 shares | 2,00,90,000 shares |
No change from warrants yet, because they’re just potential equity… like vibes without the commitment.
💡 EduInvesting Take:
APS Ltd has pulled off a textbook SME preferential issue:
- Give non-promoters the equity today ✅
- Give promoter a convertible backdoor tomorrow ✅
- Boost capital base while keeping it all “SEBI-compliant” ✅
If this company was on Shark Tank, they’d be saying: “Hum 3.5 crore equity aaj dete hain, aur promoter bhai ko warrant kal milta hai. Dil se solar.”
🚨 Red Flags to Watch:
- Why are non-promoters investing at ₹433? Is it business confidence or related-party grey zone?
- 75% payment on warrants still pending — if the share price tanks, conversion may never happen.
- Allotments done with surgical timing right after EGM and NSE approval — nothing illegal, but always interesting.
🧮 Final Word:
This is small-cap solar finance at its finest. APS Ltd gets capital, promoters get optional upside, and regulators get paperwork. If the stock continues to shine like the sun it banks on, these preferential players might just walk away with a tan… and a multibagger.
Focus Keyword: APS Ltd preferential allotment
Meta Description: APS Ltd allots ₹15.15 Cr of shares & warrants at ₹433. Promoters get convertible warrants. Paid-up capital rises post preferential issue.
Tags: APS Ltd, Australian Premium Solar, preferential allotment, equity shares, convertible warrants, SME stocks, solar stocks, FY26 updates
