The Letter of offer for the Rights Issue of Equity Shares is attached.

Fund Raising View source PDF Explain this filing

EFCIL · price

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

+2.6%Reaction day

₹187.10

prior close

₹191.02

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%+1.0% vs market

Diversified Commercial Services peers, median of 76sector+0.8%+1.8% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.8 pts more 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

Stock

-0.2

10m

-0.0

15m

+0.5

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6+1.6+1.0+0.8+1.8

Next day

+3.6+3.2+0.4+1.6+2.0

+0.6+3.1-2.5+0.8-0.2

-0.3+1.6-1.9+0.2-0.5

-3.9-1.5-2.4-1.4-2.5

-7.0-0.8-6.2-0.4-6.6

-3.8-0.9-2.9-3.0-0.8

15d

+2.1+2.2-0.1-1.1+3.2

+1.0+0.6+0.4-2.3+3.3

+4.3+9.0-4.6-2.5+6.8

+1.6+11.9-10.3-2.8+4.4

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 76Pending

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

AI summary

EFC (I) Limited has filed its Letter of Offer for a Rights Issue of up to 1,06,62,786 fully paid-up Equity Shares of face value ₹2 each. The issue price is ₹150 per share (including ₹148 share premium), aggregating to ₹159.94 crore. Existing shareholders on the record date (May 7, 2026) will receive rights in the ratio of 8 shares for every 103 shares held. The issue opens on May 13, 2026 and closes on May 22, 2026. CARE Ratings Limited has been appointed as the Monitoring Agency for the issue proceeds.

Likely market impact

The rights issue will dilute existing shareholders who do not participate. At ₹150 per share vs face value of ₹2, the issue is priced at a significant premium which may limit participation. The company appears to be raising capital for business operations given it operates in the flex space/real estate sector through multiple subsidiaries.