Announced Thu, 9 Jul · 17:53 IST
Amic Forging allots shares and warrants worth about Rs 221 cr on preferential basis
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹1764.00
prior close
₹1800.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1—+0.6+1.2+0.9+0.4+0.3+2.2+0.2-1.4————
Up moveDown movePending
AI summary
Amic Forging allotted 26,200 equity shares at Rs 1,525 each (about Rs 4 cr) to Kvasa Capital, and 14,22,900 convertible warrants at Rs 1,525 each (about Rs 217 cr) to 11 non-promoter allottees on preferential basis. Key allottees include Motilal Oswal Financial Services (563,900 warrants) and Calliope Capital Advisors (262,300 warrants). 25 percent subscription money received now; balance 75 percent due within 18 months on warrant conversion.
Likely market impact
Significant equity dilution risk if warrants convert within 18 months. Capital raise strengthens balance sheet but widens shareholder base.