SBI MF picks 5.24% stake in ASM Technologies via preferential allotment
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 2.5 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.
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ASM Technologies allotted 10,78,974 equity shares to SBI Mutual Fund schemes, SBI Emergent India Fund, Derive Trading and Resorts, and Asha Mukul Agrawal via preferential issue on October 16, 2026. Total consideration was about Rs. 52.6 crores at Rs. 4,875 per share (face value Rs. 10). All acquirers are non-promoter entities. After the allotment, their combined holding stands at 5.24% of the company capital. This is a Reg 29(1) SAST disclosure filed by the company on behalf of the allottees.
Positive sign as a marquee institutional investor (SBI MF) takes a sizable stake, validating fundamentals. However, it is a dilutive preferential issue, so existing shareholders see their stake reduced.