GACM Technologies allots 49.5 crore shares via QIP at face value

QIP at a discountFund Raising View source PDF Explain this filing

GATECH · price

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

+2.5%Reaction day

₹0.79

prior close

₹0.81

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+2.2% vs market

Other Financial Services peers, median of 91sector+0.0%+2.5% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 2.5 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

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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

+2.5+0.4+2.2+0.0+2.5

Next day

+6.3-0.2+6.5-0.1+6.5

+10.1+0.3+9.8-0.2+10.3

+15.2+0.6+14.6+0.0+15.2

+19.0+0.8+18.2-0.7+19.7

+22.8+0.4+22.4-0.6+23.4

+30.4+0.7+29.6-0.7+31.1

15d

+5.1+2.0+3.0-1.8+6.9

-7.6+0.7-8.3-2.5-5.1

-25.3-3.4-22.0-5.3-20.1

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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

Fund Raising Committee approved allotment of 49.5 crore equity shares to qualified institutional buyers at Rs 1 per share (equal to face value), aggregating Rs 49.50 crore. Allottees include Al Maha Investment Fund, Magnifica Global, Minerva Ventures Fund, and Ebisu Global Opportunities. Paid-up equity capital rises from Rs 110.27 crore to Rs 159.77 crore.

Likely market impact

Equity dilution of about 31 percent for existing holders. Issued at face value likely signals deep discount to market, which may pressure stock price.