Asian Energy Services completed conversion of 36.62 lakh warrants raising Rs 92.03 crore at Rs 335 per share.
Total capital raised amounts to Rs 131.03 crore including Rs 39 crore upfront subscription payment.
Funds will strengthen balance sheet and finance growth opportunities in oil & gas and material handling verticals.
Conversion involved 28 non-promoter allottees including Everest Finance and Ashish Kacholia.