EFORU Entertainment allots 15.48 lakh shares at Rs 91 via preferential issue

Fund Raising View source PDF Explain this filing

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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

+4.1%Reaction day

₹94.00

prior close

₹94.43

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+2.9% vs market

Trading & Distributors peers, median of 133sector+0.2%+4.0% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Microcap 250 and 4.0 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

+4.1+1.3+2.9+0.2+4.0

Next day

+0.9+1.6-0.7+0.2+0.7

+3.5+1.7+1.8+0.2+3.2

+7.4+1.6+5.8+0.3+7.1

+3.7+1.5+2.3+0.5+3.2

+7.6+1.8+5.8+0.3+7.3

+9.8+2.1+7.8+0.0+9.8

15d

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UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 133Pending

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

AI summary

Board allotted 15,48,500 equity shares at Rs 91 each (face value Rs 10), raising about Rs 14.09 crore from 3 allottees via preferential issue. Promoter Amit Vedawala got 2,98,900 shares, lifting his stake to 50.25%. Global9 LLC received 11,95,800 shares (15.89%) and Dilip Modi got 53,800 shares (0.71%). Post-issue promoter holding rises to 66.85%.

Likely market impact

Preferential issue to promoter and select investors raises promoter control to 66.85%, diluting existing non-promoter shareholders.