Comrade Appliances preferential issue of 24 lakh shares at Rs 34; control change

Fund Raising View source PDF Explain this filing

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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

+7.9%Reaction day

₹28.00

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+7.1% vs market

Consumer Electronics peers, median of 13sector+0.3%+7.6% vs sector

On the reaction day the stock moved 7.1 pts more than Nifty Microcap 250 and 7.6 pts more than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+7.9+0.7+7.1+0.3+7.6

Next day

+13.3-1.0+14.2-0.0+13.3

+18.9-0.3+19.1+0.6+18.3

+21.3-1.9+23.2-0.6+21.9

+23.6-4.5+28.1-3.5+27.1

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+28.6-7.3+35.9-8.5+37.1

15d

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UpDownMarket · Nifty Microcap 250Sector · Consumer Electronics peers, median of 13Pending

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

AI summary

Board approved preferential issue of up to 24 lakh equity shares at Rs 34 each (total about Rs 8.16 crore) to Omnia Appliances (20 lakh) and Anadi Investments (4 lakh). Promoter Mehboob Alam is also selling 24.30 percent stake via SPA at Rs 34 per share for Rs 6.43 crore to Omnia Appliances, Graphic Promoters, Amaira Estate and MLJ Aeternum, triggering a takeover and Open Offer under SAST rules. Postal ballot notice approved.

Likely market impact

Change of control incoming; Open Offer to follow at Rs 34. New promoter group forming as existing promoter exits. Stock may see volatility.