Balu Forge allots 10 lakh shares on warrant conversion at Rs 360

Warrants ConvertedFund Raising View source PDF Explain this filing

BALUFORGE · price

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

+2.8%Reaction day

₹486.80

prior close

₹496.20

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%+1.8% vs market

Castings & Forgings peers, median of 20sector+1.2%+1.6% vs sector

On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 1.6 pts more than its Castings & Forgings 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

+0.7

10m

+0.2

15m

+0.0

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.8+1.0+1.8+1.2+1.6

Next day

+4.6+0.5+4.1-0.0+4.6

+3.1-0.0+3.1+0.1+2.9

+2.9-1.5+4.4-1.4+4.3

+1.7-2.2+3.9-1.5+3.2

+2.7-1.2+4.0-0.2+2.9

-1.0-2.4+1.3-1.1+0.1

15d

-7.1-8.8+1.7-4.7-2.4

-2.6-8.3+5.7-4.4+1.8

-4.7-3.5-1.1-1.2-3.5

+9.5+6.4+3.1+6.5+3.0

UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 20Pending

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

AI summary

Balu Forge Industries allotted 10 lakh equity shares to Ebisu Global Opportunities Fund on conversion of convertible warrants issued on a preferential basis. Shares were allotted at Rs 360 each, with a premium of Rs 350 over face value of Rs 10. The company received Rs 27 crore as the balance 75 percent consideration, taking total deal value to around Rs 36 crore. The 1 to 1 conversion was approved by the board on February 9, 2026.

Likely market impact

Brings in Rs 27 crore cash, adds 10 lakh shares to float. Minor dilution for existing shareholders.