Allotted 1.01 Cr Equity Warrants to Cupid Ltd at ₹328.25 on Preferential Basis

Fund Raising View source PDF Explain this filing

STYLEBAAZA · 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

-2.3%Reaction day

₹301.00

prior close

₹307.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-3.4% vs market

On the reaction day the stock moved 3.4 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

-2.8

10m

-2.5

15m

-3.7

30m

-5.0

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.3+1.1-3.4

Next day

-6.3+1.4-7.7

-3.0+5.6-8.6

-3.7+5.6-9.2

-2.7+7.8-10.5

-2.7+7.8-10.4

-1.6+11.8-13.4

15d

+29.7+15.8+13.9

+37.6+18.9+18.8

+8.3+17.7-9.4

+6.0+27.5-21.5

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Baazar Style Retail allotted 1,01,00,000 equity warrants to Cupid Limited (non-promoter body corporate) on a preferential basis at ₹328.25 per warrant, aggregating ~₹331.53 crore. Cupid paid 25% (~₹82.88 crore) upfront; balance due on conversion within 18 months. Each warrant converts to 1 equity share (FV ₹5). Board also appointed KPMG Assurance and Consulting Services LLP as internal auditor for FY26-27.

Likely market impact

Potential dilution if all warrants convert within 18 months; ~₹331.53 Cr raise hinges on single investor Cupid Ltd. KPMG appointment signals governance upgrade.