ICRA reports full use of Rs 161.12 crore placement proceeds

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ALLCARGO · price

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹9.75

prior close

₹9.51

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.2%-3.1% vs market

Logistics Solution Provider peers, median of 45sector+1.6%-2.5% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 2.5 pts less than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.4

15m

+0.6

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9+2.2-3.1+1.6-2.5

Next day

+3.1pendingpending+3.1-0.1

+1.1pendingpending+2.4-1.3

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15d

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UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 45Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

ICRA said Allcargo Logistics fully used Rs 161.12 crore of net proceeds from its June 2024 placement to institutional investors by September 30, 2026. Rs 100 crore repaid or prepaid a subsidiary's borrowings. The board shifted Rs 47.80 crore, originally for operating units and in-house technology, to general corporate purposes. ICRA noted no major deviation and raised no adverse comments.

Likely market impact

Neutral for shareholders: all placement funds were fully used, and ICRA reported no major deviation or adverse comments.