Hiliks raises $2.6M via preferential share and warrant issue
What's the deal? Hiliks TechnologiesDealroom has a profile for this one. Try Dealroom → completed a preferential allotment of 23 lakh equity shares and 11.5 lakh convertible warrants on September 19, 2026, raising US$2.25M in immediate equity. Total potential consideration reaches US$3.37M once outstanding warrant payments are made.
How it works: The securities were issued at US$0.98 each — a US$0.14 face value plus a US$0.84 premium. Five non-promoter investors took the equity shares, while four backed the convertible warrants, paying 25% upfront and the remaining 75% on conversion.
Who's in: Qualified Institutional Buyers Aegis Investment FundDealroom has a profile for this one. Try Dealroom → PCC and Niveza Small Cap Fund acquired 90% of the equity shares. Aegis now holds a 9.15% stake and Niveza 4.93%, with Orbit Global SoftsolDealroom has a profile for this one. Try Dealroom →, Enes Global SoftekDealroom has a profile for this one. Try Dealroom →, and Sri Vinayaka EnterprisesDealroom has a profile for this one. Try Dealroom → each holding 0.70% on a fully diluted basis.
The warrant angle: Enact TechnologiesDealroom has a profile for this one. Try Dealroom → emerged as the largest warrant holder, lifting its fully diluted stake from 19.65% to 20.49%. Each warrant converts into one equity share within 18 months of allotment.
Why now? The board approved the allotment under a shareholder resolution dated August 1, 2026, following in-principle approvals from BSE LimitedDealroom has a profile for this one. Try Dealroom → and the Metropolitan Stock Exchange of India on September 4, 2026.
The signal: The raise shows distinct investor segmentation — institutions took immediate equity exposure while corporate and individual backers opted for leveraged entry via warrants. Sitting near the smaller end of disclosed rounds, in the 2.4th percentile by amount, the deal is modest in scale but points to continued confidence from Enact, already a major shareholder.
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