1.01 crore warrants allotted to Cupid Limited at Rs 328.25 each on preferential basis

Fund Raising View source PDF Explain this filing

STYLEBAAZA · price

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

-0.7%Reaction day

₹347.60

prior close

₹348.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-1.7% vs market

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250, 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

-0.0

10m

-0.4

15m

-0.9

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-0.7+1.0-1.7

Next day

-3.4+1.3-4.7

-6.1-0.2-5.9

-3.1-0.3-2.8

-3.4-0.2-3.2

-5.6-1.4-4.2

-12.4-1.0-11.4

15d

-21.3-6.3-15.0

-29.5-9.0-20.6

-2.8+3.5-6.3

+5.0+4.6+0.4

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Baazar Style Retail has allotted 1,01,00,000 equity warrants on a preferential basis to Cupid Limited, a non-promoter entity, at Rs 328.25 per warrant, aggregating about Rs 331.53 crores. Each warrant is convertible into one equity share. The company also clarified to stock exchanges that unutilised issue proceeds will not be parked in high-quality liquid mutual funds, only in bank deposits and money market instruments.

Likely market impact

Potential equity dilution if warrants are exercised; signals capital raise from a strategic non-promoter investor.