Cemindia raises 1400 crore via QIP at 4.37 percent discount to floor price

Qip At DiscountMarquee Qip InvestorFund Raising View source PDF Explain this filing

CEMPRO · 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

-0.0%Reaction day

₹1168.50

prior close

₹1180.60

announcement price

After-mkt

timing

Nifty Smallcap 250market-2.3%+2.2% vs market

Civil Construction peers, median of 96sector-2.8%+2.8% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Smallcap 250 and 2.8 pts more than its Civil Construction 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

-1.1

15m

-1.4

30m

-2.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.0-2.3+2.2-2.8+2.8

Next day

-3.5-3.3-0.2-4.4+0.9

-4.1-6.0+1.9-6.8+2.7

-3.0-5.0+2.0-6.1+3.1

+2.4-2.9+5.3-5.3+7.7

+5.2-2.6+7.7-5.2+10.4

+8.3pendingpending-6.7+15.0

15d

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UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 96Pending

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

AI summary

Cemindia Projects (formerly ITD Cementation India) allotted 1.26 crore equity shares to qualified institutional buyers at Rs 1108 per share, raising Rs 1400 crore through a QIP. Pricing is at a 4.37 percent discount to the floor price of Rs 1158.58. Major allottees include Motilal Oswal group funds (about 46 percent combined), Mirae Asset, Tata, Bank of India, Aditya Birla Sun Life, and Invesco India. Paid-up equity capital rises from Rs 17.18 crore to Rs 18.44 crore.

Likely market impact

Dilution of around 7 percent for existing shareholders. Strong demand from marquee mutual funds. Use of capital not yet specified; likely for growth or debt reduction.