Board approves issue of 18 lakh convertible warrants worth Rs 5.4 crore

Fund Raising View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-5.7%Reaction day

₹43.50

prior close

₹41.98

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-5.1% vs market

Computers - Software & Consulting peers, median of 66sector-0.6%-5.2% vs sector

On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 5.2 pts less than its Computers - Software & Consulting 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

+0.0

10m

-1.1

15m

-0.2

30m

-2.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.7-0.7-5.1-0.6-5.2

Next day

-1.1-0.3-0.9-0.0-1.1

-5.5+1.1-6.6+1.6-7.1

-6.8-0.2-6.6+2.2-9.0

-3.9+0.2-4.1+3.2-7.1

-5.9-0.3-5.5+3.1-9.0

-7.7+2.1-9.8+4.8-12.5

15d

-3.5+4.6-8.0+3.3-6.8

-2.9+5.6-8.6-0.4-2.5

-7.9+7.2-15.1-3.4-4.5

-19.5-4.7-14.9-5.9-13.6

UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 66Pending

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

AI summary

Alphalogic Techsys board approved issuing up to 18,00,000 convertible warrants to Vivaro Enterprises (non-promoter) at Rs 30 each, aggregating Rs 5.40 crore. Each warrant converts into one equity share of Rs 5 face value within 18 months. On conversion, Vivaro will hold 2.79 percent of post-conversion equity. Subject to shareholder approval via postal ballot.

Likely market impact

Fund raise of Rs 5.4 crore via preferential warrants; potential dilution of 2.79 percent on conversion within 18 months.