Emkay Global to issue NCDs worth up to INR 50 cr via private placement

Fund Raising View source PDF Explain this filing

EMKAY · 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

+0.6%Reaction day

₹241.44

prior close

₹239.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+0.4% vs market

Stockbroking & Allied peers, median of 39sector-0.5%+1.2% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 1.2 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

+0.4

10m

+1.4

15m

+1.2

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6+0.3+0.4-0.5+1.2

Next day

+1.1-0.2+1.2-0.4+1.4

-1.0+0.4-1.4-0.1-0.9

-0.2+0.2-0.4-0.8+0.6

+3.7+0.5+3.2-1.0+4.7

+5.4+0.8+4.6-1.0+6.4

+6.9-0.8+7.6-1.7+8.5

15d

+0.6-2.1+2.8-2.9+3.5

+12.2+0.2+12.0-1.0+13.3

+11.3-9.2+20.5-7.9+19.2

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UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 39Pending

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

AI summary

Emkay Global's Management Committee approved issuing up to 5,000 unsecured, listed, senior, taxable NCDs at INR 1 lakh face value, aggregating up to INR 50 crores (base 25 cr plus green shoe 25 cr) on private placement. Coupon is 11.50% p.a. payable half-yearly, 3-year tenure maturing September 2029, with call option at 24, 27, 30 and 33 months. Listed on BSE wholesale debt segment.

Likely market impact

Borrowing of up to INR 50 cr at 11.50% to fund growth; no equity dilution. Higher interest cost but flexible call option helps.