Board approves issue of 1.36 crore convertible warrants to promoter and non-promoter groups

Warrants ConvertedFund Raising View source PDF Explain this filing

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

+5.0%Reaction day

₹100.64

prior close

₹105.67

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+4.9% vs market

Garments & Apparels peers, median of 40sector-0.5%+5.5% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 5.5 pts more than its Garments & Apparels 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

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Reaction day

+5.0+0.1+4.9-0.5+5.5

Next day

+10.2-3.2+13.4-2.3+12.6

+15.7-3.3+19.1-3.5+19.3

+20.2-2.5+22.7-2.5+22.7

+15.3-0.9+16.2-1.0+16.3

+10.3-1.1+11.3-1.0+11.3

+11.7+0.6+11.0-1.0+12.7

15d

+21.7-1.4+23.1-3.8+25.5

+3.7-3.3+7.0-4.8+8.5

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UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 40Pending

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

AI summary

Bizotic Commercial's board approved issuing up to 1,36,08,000 convertible warrants, each into one equity share of Rs 10, on a preferential basis to promoter group entities and non-promoter investors. Promoter group holding will rise from 8.05% to 25.55% post-issue. 25% is payable upfront, 75% on conversion within 18 months. An EGM will be held for shareholder approval.

Likely market impact

Significant dilution for existing shareholders as promoter group stake jumps from 8.05% to 25.55%. Subject to EGM approval.