OFS update: Non-retail bids accepted for East India Drums

Capital Market Events View source PDF Explain this filing

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

-5.5%Reaction day

₹106.00

prior close

₹100.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-6.1% vs market

Trading & Distributors peers, median of 135sector+0.0%-5.5% vs sector

On the reaction day the stock moved 6.1 pts less than Nifty Microcap 250 and 5.5 pts less than its Trading & Distributors 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

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.5+0.6-6.1+0.0-5.5

Next day

-9.5+0.4-9.8+0.2-9.7

-11.5+0.7-12.2-0.2-11.3

-8.2+1.0-9.1+0.0-8.2

-9.9-0.0-9.9-1.5-8.4

-9.7-0.6-9.1-1.2-8.5

-10.3+0.7-11.0-0.5-9.8

15d

-10.4-1.2-9.1-2.8-7.5

-10.4-0.9-9.5-3.4-7.0

-6.6-9.0+2.4-9.1+2.5

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 135Pending

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

AI summary

Promoter Madhav Jayesh Valia is selling up to 29,07,200 shares (about 19.68% of the company) through an Offer for Sale on BSE. On T day, bids for 22,55,833 shares were accepted in the non-retail category. The unsubscribed portion will carry forward to August 26, 2026 for retail investors to bid on a separate window.

Likely market impact

Promoter is exiting about 20% stake. Non-retail demand was lower than OFS size; retail bidding continues on T+1 day. Watch for price impact.