Warrants converted into 18.12 lakh equity shares at Rs 70 each

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

+1.4%Reaction day

₹82.35

prior close

₹81.32

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+0.9% vs market

Other Industrial Products peers, median of 25sector+0.2%+1.2% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.2 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

+0.8

10m

+0.8

15m

+0.8

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.5+0.9+0.2+1.2

Next day

+3.2+0.8+2.4+0.7+2.5

+10.4+1.0+9.3+0.4+9.9

+18.3+0.6+17.7-1.0+19.3

+21.4+1.2+20.2+0.4+21.0

+15.4+0.9+14.4-0.3+15.7

+17.2+1.6+15.6+0.7+16.5

15d

+11.7+1.9+9.8-2.2+13.9

+10.5+0.8+9.7-3.5+14.1

+6.7-5.7+12.4-4.6+11.3

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UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 25Pending

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

AI summary

Board approved allotment of 18,12,859 equity shares on conversion of warrants at Rs 70 per share (face value Rs 4 plus premium of Rs 66). Total of Rs 12.69 crore raised. Allottees include Promoter Hasanain Mewawala and non-promoters Aegis Investment Fund PCC, Mumtaz Nathani, Neelam Bachooali, and Yasmin Merchant. Paid-up capital rises to Rs 10.37 crore, now 2,59,42,115 equity shares. No warrants remain pending for conversion.

Likely market impact

Share count rises by 18.12 lakh shares, paid-up capital to Rs 10.37 crore. Mild dilution but no warrants pending. Promoter also participated.