Board approves Rs 3,322 Cr preferential issue and warrants

Fund Raising View source PDF Explain this filing

APOLLO · price

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▲ 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

-5.0%Reaction day

₹422.00

prior close

₹427.00

announcement price

After-mkt

timing

Nifty Microcap 250market-0.7%-4.3% vs market

Aerospace & Defense peers, median of 24sector-2.0%-3.0% vs sector

On the reaction day the stock moved 4.3 pts less than Nifty Microcap 250 and 3.0 pts less than its Aerospace & Defense 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

-2.7

10m

-4.4

15m

-4.5

30m

-5.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.0-0.7-4.3-2.0-3.0

Next day

-6.9-2.7-4.2-2.5-4.4

-4.9-0.8-4.1-1.2-3.8

-3.0+0.5-3.5-0.9-2.1

-4.4+0.7-5.1-1.4-3.1

-3.9-0.3-3.6-2.0-1.9

-5.7-0.2-5.5-2.4-3.3

15d

-10.7-1.7-9.0-6.3-4.4

-4.5+2.7-7.2-5.4+0.9

-4.5+4.8-9.3-1.6-2.9

-2.4+3.2-5.6-0.1-2.3

UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 24Pending

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

AI summary

Board approved a preferential issue of 2.28 crore equity shares at Rs 416.60 each to 55 non-promoter allottees, raising about Rs 951 Cr. Also approved 5.69 crore convertible warrants at Rs 416.60 to 93 allottees (including promoters Chanakya and Kanishka Reddy Baddam), raising up to Rs 2,371 Cr. Authorized capital raised from Rs 45 Cr to Rs 63 Cr. Acuité Ratings named as monitoring agency. EGM set for August 4, 2026.

Likely market impact

Large dilution expected as about 8 crore shares and warrants may be added, putting short-term pressure on share price.