Antariksh Industries allots 22.25 lakh shares at Rs 86 on preferential basis

Fund Raising View source PDF Explain this filing

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

+2.0%Reaction day

₹17.82

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+3.6% vs market

Residential, Commercial Projects peers, median of 62sector+0.0%+2.0% vs sector

On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 2.0 pts more than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+2.0-1.6+3.6+0.0+2.0

Next day

+4.0-0.6+4.6-0.3+4.3

+6.1-0.8+6.9-0.5+6.6

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+16.9-3.8+20.7-2.4+19.3

15d

+36.4-6.9+43.3-3.5+39.9

+50.4-8.0+58.4-3.2+53.6

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UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 62Pending

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

AI summary

Board allotted 22,25,000 equity shares at Rs 86 each (Rs 76 premium) on a preferential basis, raising about Rs 19.14 crore. Shares were allotted to 2 promoter entities and 3 non-promoter LLPs. Total outstanding shares rose to 24,29,940 from 2,04,940. Promoter holding fell from 78.71 percent to 64.81 percent while public shareholding rose to 35.19 percent.

Likely market impact

Equity dilution with promoter stake dropping from 78.71 percent to 64.81 percent. Company raises Rs 19.14 crore but existing shareholders face dilution.