Emkay allots 9.5 million convertible warrants at Rs 239.50

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EMKAY · price

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

+2.2%Reaction day

₹324.00

prior close

₹325.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.7% vs market

Stockbroking & Allied peers, median of 36sector-0.3%+2.4% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 2.4 pts more than its Stockbroking & Allied 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

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+2.2+0.4+1.7-0.3+2.4

Next day

+1.0+0.6+0.4+0.4+0.6

-4.0+1.1-5.1+0.3-4.3

-4.9+0.9-5.8-0.0-4.9

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15d

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UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 36Pending

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

AI summary

Emkay allotted 9.5 million convertible warrants to three investors at Rs 239.50 each, including a Rs 229.50 premium over face value. Each converts into one share within 18 months. The company received Rs 56.88 crore, or 25 percent, with 75 percent due on conversion. Antique Securities gets 7.5 million warrants; promoters get 2 million. On full conversion, promoters would hold 54.61 percent versus 37.77 percent now. Paid-up capital is unchanged for now.

Likely market impact

The issue brings upfront funds and strengthens promoter control if converted, but adds up to 9.5 million shares and dilution risk for current holders.