| Market Cap | ₹253.02 CrSmall Cap |
|---|---|
| PE TTM | 62.24xSector 23.52x |
| Promoter Holding | 16.32%Latest Qtr |
| Deal value | ₹0.52 Cr |
| Share of market cap | 0.2% |
| Share of annual revenue | 0.4% |
Key highlights
- Conversion of 11,66,666 warrants into an equal number of equity shares of ₹4 face value
- Total exercise amount received stands at ₹52,49,996 at ₹4.5 per Share Warrant
- Paid-up equity share capital increased to ₹29.25 crore from ₹28.79 crore
- Three public allottees involved: Rajesh Bisaria, Arti Bisaria, and Ayush Bisaria
- Warrants were originally issued at ₹6 each with 25% paid at the time of allotment
Conversion of Warrants and Capital Expansion
iStreet Network Ltd has finalized the conversion of 11,66,666 warrants into equity shares of face value ₹4 each, as approved by a circular resolution of the Board of Directors. The conversion was triggered by the receipt of the balance 75% of the issue price, amounting to ₹4.5 per warrant. This brought in a total cash infusion of ₹52,49,996.
The deal represents approximately 0.2% of the company's total market capitalization of ₹253.02 crore and 0.4% of its TTM revenue. Following this allotment, the total paid-up equity capital of the firm has expanded from ₹28.79 crore to approximately ₹29.25 crore. These new shares will rank pari-passu with existing equity.
Allocation Details and Pricing Structure
- Rajesh Bisaria was allotted 5,00,000 equity shares upon conversion
- Arti Bisaria received 3,33,333 equity shares for a payment of ₹14.99 lakh
- Ayush Bisaria was allotted 3,33,333 equity shares as part of the public category
- The warrants were originally issued in late 2025 with an initial 25% payment of ₹1.5 per warrant
- The total issue price per warrant was fixed at ₹6 including the premium
- All three allottees belong to the public category with no promoter involvement reported in this tranche
Strategic Shift Toward Enterprise AI
This warrant conversion follows a string of similar equity actions, including listing approvals for 2,00,000 and 4,16,667 shares earlier in October 2026. The capital activity coincides with a strategic pivot communicated by the Chairman on October 23, 2026, focusing on enterprise AI and operational discipline. While the company reported a significant 227.61% YoY increase in quarterly revenue for June 2026, it has faced management transitions, including the resignations of directors Ms.
Rupashree Shrivastava and Mr. Yash Maheshwari in mid-October. The stock currently trades at a P/E of 62.24x, which is higher than the industry average of 41.27x, amid a 41.53% decline in share price over the past year.
| Date | Announcement | Amount |
|---|---|---|
| 29 Oct 2026 | Receipt of BSE listing approval for 2,00,000 equity shares issued on a preferential basis upon conversion of warrantsSource: scanx.trade | – |
| 23 Oct 2026 | Dissemination of Chairman's message to shareholders regarding enterprise AI focus and operational execution disciplineSource: screener.in | – |
| 15 Oct 2026 | Resignation of Ms. Rupashree Shrivastava as Non-Executive Director of the companySource: screener.in | – |
| 13 Oct 2026 | Resignation of Mr. Yash Maheshwari as Non-Executive Non-Independent Director of the companySource: BSE filing | – |
| 09 Oct 2026 | Receipt of BSE listing approval for 4,16,667 equity shares issued on a preferential basis upon conversion of warrantsSource: BSE filing | – |
| 29 Sep 2026 | Outcome and proceedings of the 39th Annual General Meeting approving FY26 financial statements and director re-designationSource: BSE filing | – |
What to watch next
- Application for trading approval of 11,66,666 shares within 7 working days
- Announcement of Q2 FY27 financial results expected by mid-November 2026
- Execution milestones regarding AI pilot deployments and MoUs through Q3 FY27
| Share price | ₹36.45 |
|---|---|
| Market capitalisation | ₹253.02 Cr |
| Revenue (annual) | ₹98.02 Cr |
| Net profit (annual) | ₹4.96 Cr |
| Revenue (latest quarter) | ₹43.33 Cr+4.45% vs previous quarter |
| Net profit (latest quarter) | ₹1.57 Cr+302.28% vs previous quarter |
| P/E (TTM) | 62.24×Sector 23.52× |
| Promoter holding | 16.32%-0.26% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by iStreet Network Ltd announcing the allotment of equity shares pursuant to conversion of warrants on November 02, 2026. Market figures from a third-party data provider.
