Preliminary approval for promoter warrants issue

Fund Raising View source PDF Explain this filing

DAVANGERE · 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

+4.6%Reaction day

₹1.96

prior close

₹2.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.2% vs market

Other Agricultural Products peers, median of 55sector-0.3%+4.9% vs sector

On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.9 pts more than its Other Agricultural Products 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

-4.0

10m

-3.0

15m

-3.0

30m

-3.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.6+0.4+4.2-0.3+4.9

Next day

+2.6+2.1+0.4+0.6+1.9

+2.0+2.2-0.2+0.3+1.7

+3.1+2.9+0.2+0.1+3.0

+1.0pendingpending-0.1+1.1

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Agricultural Products peers, median of 55Pending

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

AI summary

BSE and NSE granted preliminary approval for issuing 10,64,11,079 convertible warrants to the promoters at Rs 3.77 each. Each warrant can convert into one equity share of Rs 1 face value. Statutory approvals remain required, along with a listing application after allotment.

Likely market impact

Conversion could add 10.64 crore shares and dilute existing holders. The issue could raise about Rs 40.12 crore, subject to final approvals and allotment.