Belrise Industries closes QIP, allotts 7.73 crore shares at Rs 220

Qip At DiscountFund Raising View source PDF Explain this filing

BELRISE · 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

+2.9%Reaction day

₹227.00

prior close

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announcement price

After-mkt

timing

Nifty Smallcap 250market+0.1%+2.8% vs market

Auto Components & Equipments peers, median of 116sector+0.0%+2.8% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Smallcap 250 and 2.8 pts more than its Auto Components & Equipments 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

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.9+0.1+2.8+0.0+2.8

Next day

+4.3+0.5+3.7+0.5+3.8

+2.4-0.8+3.2-0.4+2.8

+0.7-2.0+2.7-0.8+1.5

+0.7-2.2+3.0-1.1+1.8

+2.2-1.0+3.2-0.0+2.2

+1.5-0.1+1.6-0.5+2.0

15d

+11.6+1.9+9.7+2.7+9.0

+3.3+1.9+1.4+2.9+0.3

+6.2+1.5+4.7-0.1+6.4

-4.2-5.3+1.2-5.4+1.2

UpDownMarket · Nifty Smallcap 250Sector · Auto Components & Equipments peers, median of 116Pending

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

AI summary

Belrise Industries has closed its QIP, allotting 7,72,72,727 equity shares at Rs 220 per share to eligible QIBs. The issue price includes a Rs 215 premium over face value of Rs 5, but is at a 4.68% discount to the floor price of Rs 230.79. Total issue size is about Rs 1,700 crore. The placement document has been adopted and filed with stock exchanges.

Likely market impact

QIP at a 4.68% discount to floor price may weigh on the stock short-term, though about Rs 1,700 crore raised strengthens the balance sheet.