If I understand correctly warrants have been converted to stock on 5th November(Correct me if I made wrong assesment here but quantity matches so…)
- Initial Cost of Warrants
- Price per warrant = ₹530
- Upfront Payment (25%) = ₹530 × 0.25 = ₹132.5 per warrant
Total Upfront Payment = 12,10,000 × ₹132.5 = ₹16,02,25,000 (₹16.02 crores) - Remaining Payment (75%) = ₹530 × 0.75 = ₹397.5 per warrant
Total Remaining Payment = 12,10,000 × ₹397.5 = ₹48,07,25,000 (₹48.07 crores) - Total Cost = ₹16.02 crores + ₹48.07 crores = ₹64.09 crores
- Market Value on 5th November 2024
- Price per warrant on 5th November = ₹1,288
Total Market Value = 12,10,000 × ₹1,288 = ₹1,55,77,60,000 (₹155.77 crores)
- Total Gain
- Total Gain = Market Value – Total Cost
Total Gain = ₹155.77 crores – ₹64.09 crores = ₹91.68 crores
The total gain on the warrants as of 5th November 2024 was ₹91.68 crores.
So in last 2 qaurters company made 65 cr profit and promoter group made 91.68 cr?
Please out mistakes in calculations if you spot any.
So here are my questions then :
1: This WEBSOL GREEN PROJECTS PRIVATE LIMITED can anyone help me with more details on this difficult to pin down as it is private.
2: Also how these 91 cr were used by it.
Thing which looks out of place to me is :
1: If credit line was secured from IREDA and pref raised why the need of pref warrants to get just ~15cr of captial infusion from promter
2: Why convert warrants now in bearish market when stock is expected to give stellar return based on demand and capex. They could keep it for atleast 4 qaurters.
Note: Not invested looking to take some position
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