Aurum PropTech allots 51 lakh convertible warrants to promoter at INR 231.42

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AURUM · price

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

+2.4%Reaction day

₹236.38

prior close

₹236.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+1.7% vs market

IT Enabled Services peers, median of 77sector+0.6%+1.8% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.8 pts more than its IT Enabled Services 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

+1.9

10m

+1.6

15m

+1.6

30m

+2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.4+0.7+1.7+0.6+1.8

Next day

+0.7-1.0+1.6-0.3+1.0

-0.2-0.3+0.0+0.3-0.5

-7.1-1.9-5.2-1.0-6.1

-9.5-4.5-5.0-2.3-7.1

-10.7-5.5-5.2-4.1-6.6

-9.7-7.3-2.4-6.9-2.8

15d

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 77Pending

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

AI summary

The Board allotted 51,00,000 fully convertible warrants to promoter Aurum RealEstate Developers Limited at INR 231.421 per warrant, aggregating about INR 118.02 crore. Each warrant converts into 1 equity share of INR 5 face value at a premium of INR 226.421. 25% upfront (about INR 29.51 crore) is paid now; balance is due on conversion within 18 months. Promoter holding rises from 38.22% to 40.56% on a fully diluted basis.

Likely market impact

Promoter stake rises to 40.56% on full conversion. Possible dilution if all warrants are exercised. Raises about INR 118 crore.