Vivo Bio Tech (BOM:532660) allotted 740,000 equity shares at 45 Indian rupees each upon conversion of warrants issued on a preferential basis, according to an Indian bourse filing on Monday.

The company received around 25 million rupees in application money, the filing said.

Following the allotment, the company's issued and subscribed share capital increased to 168.7 million rupees, comprising 16.9 million equity shares of 10 rupees each.