Allotment of 84 lakh equity shares under Rights Issue at Rs 1 per share

Rights Steep DiscountCorporate Actions View source PDF Explain this filing

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

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₹15.70

prior close

₹15.70

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-1.0% vs market

Industrial Products peers, median of 133sector-0.3%+0.3% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.3 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.

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 133Pending

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

AI summary

Containe Technologies board approved allotment of 84,05,000 equity shares at Rs 1 per share against a face value of Rs 10 under its Rights Issue. Paid-up capital rose from Rs 6.99 crore to Rs 15.4 crore. The Rs 1 issue price represents a 90 percent discount to face value, which is unusual and warrants closer review.

Likely market impact

Massive dilution risk for non-subscribers. Issue price far below face value is unusual and may raise governance concerns.