Promoter converts 13.32 lakh warrants into equity shares

Warrants ConvertedFund Raising View source PDF Explain this filing

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

+2.5%Reaction day

₹80.00

prior close

₹81.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+2.1% vs market

Other Industrial Products peers, median of 24sector-0.8%+3.3% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 3.3 pts more than its Other Industrial Products 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

-1.7

10m

-1.7

15m

-2.0

30m

-2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.5+0.4+2.1-0.8+3.3

Next day

+3.6+0.5+3.1-1.2+4.8

+0.4+0.6-0.2-1.1+1.4

+5.1+0.7+4.4-0.6+5.7

+3.7+1.1+2.6-1.4+5.2

+2.9+0.5+2.4-2.5+5.5

+6.3+1.3+5.0-0.6+6.8

15d

+18.8+0.5+18.2-1.4+20.2

+15.0-0.8+15.8-5.8+20.8

+12.5-0.9+13.4-6.4+18.9

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UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 24Pending

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

AI summary

Expo Engineering allotted 13,32,856 equity shares to promoter Murtuza Shaukatali Mewawala on conversion of warrants at Rs 70 per share (Rs 4 face value plus Rs 66 premium). Total amount raised is Rs 9.33 crore. The company's paid-up equity capital has increased to Rs 9.65 crore comprising 2,41,29,256 shares of Rs 4 each. New shares rank pari-passu with existing shares.

Likely market impact

Dilution for existing shareholders as 13.32 lakh new shares are issued to a promoter. Company raises about Rs 9.33 crore in capital.