Apollo Pipes to issue Rs 189 cr warrants, invest Rs 300 cr in tiles biz

Fund Raising View source PDF Explain this filing

APOLLOPIPE · 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

-1.3%Reaction day

₹635.05

prior close

₹638.80

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-1.6% vs market

Plastic Products - Industrial peers, median of 45sector-1.1%-0.1% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 0.1 pts less than its Plastic Products - Industrial 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

-0.5

10m

-0.4

15m

-2.3

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3+0.3-1.6-1.1-0.1

Next day

-3.7-0.7-3.0-1.4-2.4

-5.7-1.2-4.5-1.4-4.4

-3.9-0.7-3.3-1.8-2.1

-4.7+0.0-4.8-0.9-3.8

-5.1+0.4-5.5-0.9-4.2

-8.7+0.8-9.5+0.0-8.7

15d

-17.0-0.0-16.9-2.2-14.8

-20.4-0.8-19.7-3.1-17.4

—————

UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 45Pending

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

AI summary

Apollo Pipes board approved (1) up to Rs 300 crore investment plan for new subsidiary in tiles and ceramics business covering manufacturing, trading and distribution, and (2) preferential issue of up to 31 lakh convertible warrants at Rs 610 each (Rs 600 premium over Rs 10 face value), aggregating Rs 189.10 crore, to 8 non-promoter investors. Warrants convertible into equal equity shares within 18 months. Authorised share capital to rise from Rs 50 crore to Rs 60 crore. Subject to shareholder and regulatory approvals.

Likely market impact

Equity dilution of 6.31% on full conversion. Fresh capital for diversification into tiles/ceramics. Needs shareholder nod.