Announced Mon, 17 Aug · 18:07 IST
GACM Technologies allots 49.5 crore shares via QIP at face value
GATECH · 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
+6.3%1-day move
₹0.79
prior close
₹0.81
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+6.3+10.1+15.2+19.0+22.8+30.4+5.1-7.6——
Up moveDown movePending
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.