GACM Tech raises Rs 49.50 cr via QIP; 49.50 cr shares allotted at face value

Fund Raising View source PDF Explain this filing

GATECH · 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

+4.6%Reaction day

₹0.87

prior close

₹0.91

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+4.3% vs market

Other Financial Services peers, median of 91sector+0.1%+4.5% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.5 pts more than its Other Financial Services 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.6+0.3+4.3+0.1+4.5

Next day

+8.0+0.5+7.5-0.3+8.3

+11.5+0.1+11.4+0.4+11.1

+14.9+0.7+14.3+0.0+14.9

+18.4+0.4+18.0+0.7+17.7

+23.0+0.7+22.3+0.6+22.4

+20.7+0.1+20.6-0.4+21.1

15d

-16.1+1.5-17.5-1.5-14.6

-12.6+0.3-12.9-2.1-10.5

-36.8-6.2-30.6-5.5-31.3

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 91Pending

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

AI summary

GACM Technologies has completed a QIP of Rs 49.50 crores by allotting 49.50 crore equity shares at Rs 1 per share (issue price equals face value, no premium). Key allottees are Mauritius-based FPI funds: Minerva Ventures Fund (14.50 cr shares, 9.08% of QIP), Magnifica Global Opportunities High Conviction Fund (14 cr, 8.76%), AL Maha Investment Fund (10.50 cr, 6.57%) and Ebisu Global Opportunities Fund (10.50 cr, 6.57%). Proceeds will be used for strategic initiatives and business expansion per stated objects of the issue.

Likely market impact

Significant dilution risk as 49.50 cr new shares issued at face value with no premium raised. Fresh capital for growth but existing shareholders' stake reduced substantially.