Exchange approval for 95 lakh convertible warrants at Rs 239.50 each

Qip At PremiumWarrants ConvertedFund Raising View source PDF Explain this filing

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

-2.5%Reaction day

₹332.35

prior close

₹324.60

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-2.2% vs market

Stockbroking & Allied peers, median of 35sector-0.5%-2.0% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 2.0 pts less 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

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Sessions after the filingfrom the prior close

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Reaction day

-2.5-0.3-2.2-0.5-2.0

Next day

-0.4+0.1-0.5-0.7+0.3

-1.5+0.3-1.8-0.6-0.9

-6.4+0.8-7.2-0.8-5.7

-7.3+0.6-7.9-1.1-6.2

-7.1+0.2-7.3-1.8-5.3

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15d

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-21.2-5.0-16.1-3.5-17.7

-15.5-13.4-2.0-14.9-0.6

UpDownMarket · Nifty Microcap 250Sector · Stockbroking & Allied peers, median of 35Pending

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

AI summary

NSE and BSE granted in-principle approval for up to 95,00,000 convertible warrants at Rs 239.50 each. Each warrant can convert into one Rs 10 equity share at a premium of Rs 229.50 within 18 months of allotment, raising up to Rs 227.53 crore in cash. Final allotment remains subject to required approvals and exchange conditions.

Likely market impact

Could add up to Rs 227.53 crore if converted, but may dilute existing shareholders when up to 95 lakh shares are issued.