In-principle approval for preferential issue of shares and warrants

Fund Raising View source PDF Explain this filing

DEVX · 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

-1.5%Reaction day

₹36.55

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%-0.1% vs market

Diversified Commercial Services peers, median of 72sector-0.0%-1.5% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 1.5 pts less than its Diversified Commercial Services 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5-1.4-0.1-0.0-1.5

Next day

-2.2-2.5+0.4-0.4-1.7

+0.2+0.4-0.2-0.1+0.2

-0.3+2.2-2.4+0.4-0.7

-0.9+2.7-3.7+0.6-1.6

-0.7+3.9-4.5+1.3-1.9

-1.6+5.2-6.8+1.2-2.9

15d

-1.6+6.5-8.0+2.0-3.6

-4.6+6.9-11.5+0.7-5.3

-6.2+9.1-15.3-1.2-5.0

-10.3+11.6-21.8+0.6-10.8

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 72Pending

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

AI summary

Dev Accelerator (DEVX) received in-principle approval from NSE and BSE for a preferential issue of 44,44,440 equity shares to non-promoters and 33,33,330 convertible warrants to promoters, both at minimum Rs 45 per share (face value Rs 2). Total potential issue is about 77.77 lakh shares, raising roughly Rs 35 crore if fully subscribed and warrants converted. This is a regulatory clearance before the actual allotment.

Likely market impact

Equity dilution likely once warrants convert. Watch for allotment price and use of funds announcement.