Announced Tue, 23 Jun · 23:34 IST
Balrampur Chini Mills gets listing approval for 93.17 lakh preferential shares
Capital Market Events View source PDF
BALRAMCHIN · price
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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹533.00
prior close
₹531.05
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.8+0.9+0.3-0.2-1.0+5.1+2.3+6.7+6.2+12.4+14.3——
Up moveDown movePending
AI summary
Balrampur Chini Mills received NSE and BSE listing approval for 93,16,771 equity shares (face value Re. 1) issued on a preferential basis to Promoters and Non-promoters at Rs. 483 per share (including Rs. 482 premium). This raises about Rs. 450 crore. Shares will be admitted to trading once NSDL and CDSL confirm credit to beneficiary accounts.
Likely market impact
Adds about 9.3 million new shares to the float, which may create near-term dilution pressure depending on the issue price versus market price.