Promoter group converts warrants into 72 lakh equity shares

Warrants ConvertedFund Raising View source PDF Explain this filing

BAIDFIN · 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

+0.5%Reaction day

₹9.74

prior close

₹9.65

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-0.1% vs market

Non Banking Financial Company (NBFC) peers, median of 219sector+0.0%+0.5% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.5 pts more than its Non Banking Financial Company (NBFC) 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

+0.7

15m

+0.1

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+0.6-0.1+0.0+0.5

Next day

+0.4+0.4+0.1+0.0+0.4

+0.1+0.7-0.6+0.0+0.1

+5.0+1.0+4.1+0.0+5.0

+4.2-0.0+4.2-0.2+4.4

+2.3-0.6+2.9-1.1+3.4

+4.7+0.7+4.0-0.3+5.1

15d

+7.8-1.2+9.0-2.0+9.8

+8.9-0.9+9.8-2.8+11.7

+0.4-9.0+9.4-7.2+7.6

—————

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 219Pending

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

AI summary

Baid Finserv allotted 72,04,099 equity shares to promoter group members (Dalima, Aditya, Asmita and Alpana Baid) upon converting equal number of warrants. Issue price was Rs 15.10 per share (Rs 2 face value plus Rs 13.10 premium). Company received Rs 8.16 crore as the balance 75 percent consideration. Promoter holding rose from 47.39 percent to 49.73 percent. All warrants now fully converted, none outstanding.

Likely market impact

Promoter group stake rises to 49.73 percent, increasing control. No warrants remain outstanding. Minor dilution for non-promoter shareholders.