Allcargo Terminals surges on getting nod to raise Rs 38.28 crore through fully convertible warrants
Allcargo Terminals is currently trading at Rs. 32.21, up by 0.82 points or 2.61% from its previous closing of Rs. 31.39 on the BSE.
The scrip opened at Rs. 31.01 and has touched a high and low of Rs. 32.48 and Rs. 31.01 respectively. So far 59764 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 55.14 on 16-Jul-2024 and a 52 week low of Rs. 19.61 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 32.48 and Rs. 28.01 respectively. The current market cap of the company is Rs. 811.89 crore.
The promoters holding in the company stood at 65.82%, while Institutions and Non-Institutions held 5.40% and 28.79% respectively.
Allcargo Terminals (ATL) has received board approval to raise Rs 38.28 crore through the issuance and allotment of up to 1,32,00,000 Fully Convertible Warrants to the Promoters/Promoter Group.
The proposed fund rising will kickstart the company’s three-year expansion plans. The company has a current capacity of 8.3L TEUs annually across its seven facilities in five hubs that handle around 80% of India’s EXIM trade. The company plans to augment its capacity to over 13L in the coming three years - by expanding some of its key facilities and by developing new CFS/ICD facilities. This strategic move is in line with the company’s long-term growth roadmap and will support the company’s multi-location infrastructure expansion at Mundra and Nhava Sheva, Greenfield ICD at Farukhnagar and infra upgrades at existing facilities. Currently operating at 80-85% capacity utilisation, the expansion plans will enable the company to cater to future demand and consolidate its leading position in key logistics corridors.
The Board of Directors of the company has approved the preferential allotment in its meeting held on July 15, 2025. Each warrant has a face value of Rs 2 per share, at an issue price of Rs 29 per warrant at a premium of Rs 27 per warrant, subject to shareholder and regulatory approvals. This issuance accounts for around 5% of the company’s post-conversion equity share capital and is priced at around 1% premium to the SEBI-defined floor price.
Allcargo Terminals is engaged in the business of operating Container Freight Stations.
