Announced Mon, 17 Aug · 18:07 IST
QIP allotment of 49.5 crore equity shares at Rs 1 each approved
GATECHDVR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹0.51
prior close
₹0.52
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.9-1.9-1.9+0.0+2.0+2.0+2.0-2.0+2.0+3.9-3.9-3.9——
Up moveDown movePending
AI summary
GACM Technologies approved allotment of 49.5 crore equity shares via Qualified Institutions Placement to institutional buyers at Rs 1 per share, raising Rs 49.5 crore. Paid-up capital rises from Rs 110.27 crore to Rs 159.77 crore. Issue priced at face value, unusual for a listed company and likely a steep discount to market. Four allottees each received more than 5% of the issue.
Likely market impact
Significant dilution as share count rises about 45%. Issuing at face value is unusual and may pressure the stock price.