DRC Systems allots 1 crore shares at Rs 25 each in preferential issue

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DRCSYSTEMS · price

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

+1.5%Reaction day

₹19.57

prior close

₹19.65

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+1.1% vs market

IT Enabled Services peers, median of 67sector-0.4%+1.9% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.9 pts more than its IT Enabled 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

Stock

+0.3

10m

+0.7

15m

+0.0

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.5+0.5+1.1-0.4+1.9

Next day

+0.7+0.3+0.4-0.4+1.1

+1.2-0.1+1.3-0.7+1.8

-2.8+1.0-3.7-1.1-1.7

-1.4+0.2-1.6-1.3-0.1

-4.5-1.5-3.1-3.0-1.5

-6.7-1.5-5.3-3.1-3.6

15d

-6.8-1.7-5.2-4.3-2.5

-8.0-3.1-4.9-5.4-2.6

-14.4-6.6-7.9-10.7-3.7

-24.3-12.3-12.1-21.1-3.2

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 67Pending

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

AI summary

DRC Systems India allotted 1 crore fully paid equity shares to non-promoter investor Shiv Minechem at Rs 25 per share, including a Rs 24 premium, for up to Rs 25 crore in cash. Paid-up shares rose from 13.41 crore to 14.41 crore. The shares will be listed on BSE and NSE and remain locked in as required.

Likely market impact

The issue raises up to Rs 25 crore but expands the share count by about 6.9%, diluting existing holders. Lock-in limits immediate selling.