69.44 lakh shares allotted to non-promoters at Rs 535
BORORENEW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.9 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Borosil Renewables allotted 6,943,691 equity shares at Rs 535 each, including a Rs 534 premium, to 78 non-promoter investors. The preferential issue raised Rs 371.49 crore. Paid-up equity capital increased to 140,160,544 shares of Rs 1 each, and the new shares rank equally with existing shares.
The raise adds company capital, but it increases the share count and dilutes existing shareholders' ownership. Weak demand for the new shares could add pressure.