Board approves QIP plan to raise up to Rs 200 crore

Fund Raising View source PDF Explain this filing

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

-1.7%Reaction day

₹7.23

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-1.5% vs market

Entertainment peers, median of 52sector · industry level-0.0%-1.7% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.7 pts less than its Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

-1.7-0.1-1.5-0.0-1.7

Next day

-0.8+0.3-1.1+0.5-1.3

-1.1+1.6-2.7+0.2-1.3

-3.6+0.1-3.7+0.3-3.9

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15d

-3.7-2.2-1.5-0.6-3.1

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UpDownMarket · Nifty Microcap 250Sector · Entertainment peers, median of 52Pending

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

AI summary

The board has approved raising up to Rs 200 crore through a Qualified Institutions Placement (QIP). The eligible securities may include equity shares, non-convertible debt instruments with warrants and other convertible securities. Pricing, issue size, timing and use of proceeds are yet to be finalised and will need shareholder approval at an upcoming EGM.

Likely market impact

Possible equity dilution once the QIP is launched; terms and pricing are not yet decided and shareholder approval is still pending.