Roadzen Inc. (RDZN) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
RDZN currently has 79.5M outstanding shares. with significant dilution risk as 83.4M authorized shares could dilute existing holders by 104.9%. The company has significantly diluted shareholders by 29.34% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 05, 2026 |
8-K filing: Roadzen Inc. completed an offering of 4,705,870 ordinary shares at $1.70 per share, resulting in gross proceeds of $7,999,979 before deducting fees and expenses. ($8.0M proceeds) |
79M | 83M |
| Dec 31, 2025 |
S-3 filing: This prospectus relates to the issuance by us of an aggregate of up to 19,157,081 ordinary shares issuable upon the exercise of warrants, which consists of (a) up to 9,152,087 Ordinary Shares issuable from the exercise of 9,152,087 warrants held by Vahanna and certain transferees, and (b) up to 10,004,994 Ordinary Shares issuable from the exercise of 10,004,994 public warrants of the Company and also relates to the resale by the selling securityholders of up to an aggregate of 9,152,087 Private Warrants and 10,300,961 Ordinary Shares of the Company. |
79M | 83M |
| Nov 28, 2025 |
S-3 filing: This prospectus relates to the resale by the selling securityholders of up to an aggregate of 7,946,634 ordinary shares of Roadzen Inc. |
79M | 34M |
| Nov 14, 2025 |
10-Q filing | 75.7M shares outstanding |
76M | 27M |
| Aug 13, 2025 |
10-Q filing | 74.3M shares outstanding |
74M | 27M |
| Jul 31, 2025 |
8-K filing: Roadzen Inc. completed a best efforts offering of 1,730,769 ordinary shares at $1.30 per share, resulting in gross proceeds of $2,249,999.70 before deducting fees and expenses. ($2.25M proceeds) |
70M | 27M |
| Jul 30, 2025 |
8-K filing: Roadzen Inc. sold 1,803,134 ordinary shares at $1.25 per share to institutional investors, including 104,000 shares to Avacara PTE Ltd., for total proceeds of approximately $2,253,917. ($2.38M proceeds) |
70M | 27M |
| Jun 26, 2025 |
10-K filing | 69.9M shares outstanding |
70M | 27M |
| Mar 05, 2025 |
8-K filing: Roadzen Inc. amended its Senior Secured Note Purchase Agreement, extended the maturity date of its notes, and issued an amended warrant to purchase up to 1,537,083 Ordinary Shares at an exercise price of $0.001 per share. |
74M | 27M |
| Feb 20, 2025 |
S-3/A filing: This S-3/A filing relates to the resale by selling securityholders of up to 3,470,079 ordinary shares of Roadzen Inc. |
74M | 27M |
| Feb 12, 2025 |
10-Q filing | 68.9M shares outstanding |
69M | 27M |
| Feb 05, 2025 |
S-3 filing: This S-3 filing relates to the resale of up to 3,470,079 ordinary shares by selling securityholders. |
74M | 27M |
| Jan 06, 2025 |
8-K filing: Roadzen Inc. completed an offering of 2,222,300 ordinary shares at $2.25 per share, resulting in gross proceeds of $5,000,175 before deducting fees. ($5.0M proceeds) |
68M | 23M |
| Jan 02, 2025 |
8-K filing: Roadzen Inc. issued 1,227,867 ordinary shares to Marco Polo Securities, Inc. and Avacara PTE Ltd. in exchange for the cancellation of approximately $3.5 million in aggregate liabilities. ($3.5M proceeds) |
68M | 23M |
| Dec 17, 2024 |
8-K filing: Roadzen Inc. completed a public offering of 1,900,000 ordinary shares and pre-funded warrants to purchase 400,000 ordinary shares, with an additional 300,000 shares sold upon full exercise of the underwriter's option, for net proceeds of approximately $2.5 million. |
68M | 23M |
| Nov 13, 2024 |
10-Q filing | 68.4M shares outstanding |
68M | 23M |
| Nov 01, 2024 |
S-3 filing: Roadzen Inc. is offering ordinary shares, preference shares, warrants, subscription rights, and debt securities for total gross proceeds of up to $100,000,000. |
68M | 23M |
| Aug 13, 2024 |
10-Q filing | 68.4M shares outstanding |
68M | 23M |
| Jul 01, 2024 |
10-K filing | 68.4M shares outstanding |
68M | 23M |
| Apr 26, 2024 |
8-K filing: Roadzen Inc. issued warrants to purchase 50,000 Ordinary Shares to Krishnan-Shah Family Partners, LP on April 22, 2024, and expects to issue warrants to purchase such number of Ordinary Shares to Ms. VedBrat in the near future, pursuant to a Securities Purchase Agreement. |
68M | 23M |
| Apr 16, 2024 |
S-1 filing: Roadzen Inc. is offering ordinary shares through a reasonable best efforts offering, intending to use the net proceeds for general corporate purposes, including working capital, organic expansion, paying off certain indebtedness, and the funding of potential acquisitions. |
68M | 23M |
| Apr 04, 2024 |
8-K filing: Roadzen Inc. entered into a Securities Purchase Agreement to issue up to $2 million in senior secured notes and warrants to purchase Ordinary Shares to Supurna VedBrat and Krishnan-Shah Family Partners, LP, with each purchasing $500,000 in notes initially. |
68M | 23M |
| Feb 12, 2024 |
10-Q filing | 68.4M shares outstanding |
68M | 23M |
| Nov 13, 2023 |
10-Q filing | 68.4M shares outstanding |
68M | 23M |
| Aug 16, 2023 |
10-Q filing | 20.0M shares outstanding |
20M | 23M |
| May 19, 2023 |
10-Q filing | 20.0M shares outstanding |
20M | 23M |
| Apr 14, 2023 |
10-K filing | 20.0M shares outstanding |
20M | 23M |
| Nov 14, 2022 |
10-Q filing | 20.0M shares outstanding |
20M | 23M |
| Aug 15, 2022 |
10-Q filing | 20.0M shares outstanding |
20M | 23M |
| May 16, 2022 |
10-Q filing | 20.0M shares outstanding |
20M | 23M |
| Nov 04, 2021 |
S-1 filing: Vahanna Tech Edge Acquisition I Corp. is offering 15,000,000 units, each consisting of one Class A ordinary share and one-half of one redeemable warrant, at $10.00 per unit in an initial public offering. |
N/A | 23M |