Vintage Coffee & Beverages allots equity shares and warrants

Vintage Coffee and Beverages Limited, formerly Spaceage Products Ltd, approved the allotment of 14,355,000 equity shares with a face value of ₹10 each to Non-Institutional Investors and Qualified Institutional Buyers. This preferential allotment was made at an offer price of ₹124 per share, including a share premium of ₹114, totaling ₹1,78,00,20,000.

Additionally, the company allotted 1,900,000 fully convertible warrants, also with a face value of ₹10 each. These warrants were issued to the Promoter/Promoter Group and Non-Institutional Buyers under the Non-Promoter Category at an offer price of ₹124 per warrant, including a share premium of ₹114 per warrant. This allotment generated ₹5,89,00,000 from 25% of the total warrant consideration.

The equity shares and warrants were allotted on a preferential basis in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The warrants are convertible into an equal number of equity shares at ₹124 per share within 18 months from the allotment date.