Sunteck Realty raises ₹499.99 crore via warrant allotment for growth

Sunteck Realty Limited announced the allotment of 11,764,705 convertible warrants at an issue price of ₹425 per warrant, totaling ₹499,99,99,625. This preferential allotment was made to promoter/promoter group and non-promoters. The company has already received an upfront payment of 25% of the aggregate amount, totaling ₹124,99,99,907, with the remaining balance payable upon exercise of the warrants within an 18-month period.

The allotment received approvals from the board and shareholders on September 5, 2025, and September 30, 2025, respectively. In-principle approval was granted by both BSE Limited and the National Stock Exchange of India Limited on November 24, 2025. Each warrant is convertible into one fully paid-up equity share of ₹1/-.

Key allottees include Samagra Wealthmax Private Limited with warrants worth ₹74,99,99,625, Bhuwalka Steel Industries Limited with ₹207,50,00,025, and Mukul Mahavir Agrawal with ₹75,00,00,050. The allotment ensures substantial funding for the company’s operational and expansion initiatives, aligning with regulatory requirements under SEBI ICDR regulations.