Board approves Rs 558 crore preferential issue of shares and warrants

Fund Raising View source PDF Explain this filing

DPABHUSHAN · price

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

-0.2%Reaction day

₹2166.20

prior close

₹2098.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.5% vs market

Gems Jewellery And Watches peers, median of 29sector+0.9%-1.1% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.1 pts less than its Gems Jewellery And Watches 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

-4.2

10m

-6.8

15m

-6.7

30m

-7.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+1.3-1.5+0.9-1.1

Next day

+4.8+1.1+3.7+2.2+2.6

+4.3-1.7+6.1+0.4+3.9

+8.4-1.5+9.9+0.5+7.9

+8.5-0.6+9.1+1.4+7.0

+6.6-0.4+7.1+1.7+4.9

+9.8-1.4+11.2+0.8+9.0

15d

-5.6-6.0+0.4-4.8-0.9

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UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 29Pending

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

AI summary

Board of D. P. Abhushan approved preferential issue of up to 8,66,434 equity shares at Rs 1,430 each (about Rs 124 crore) and up to 30,35,711 convertible warrants at Rs 1,430 each (about Rs 434 crore). Total potential raise around Rs 558 crore from 104 investors. Promoter holding to drop from 74.89% to 66.46%. Warrants convertible in 18 months. Subject to shareholder approval.

Likely market impact

Shareholders may see dilution; promoter stake falls from 74.9% to 66.5%. Stock may face pressure till warrants convert.