Board approves preferential warrants issue at Rs 14, to raise Rs 4.2 crore

QIP at a premiumWarrants convertedFund Raising View source PDF Explain this filing

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

-5.0%Reaction day

₹65.23

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-5.4% vs market

Non Banking Financial Company (NBFC) peers, median of 225sector-0.2%-4.8% vs sector

On the reaction day the stock moved 5.4 pts less than Nifty Microcap 250 and 4.8 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 225Pending

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

AI summary

GDL Leasing board approved issuing up to 30 lakh warrants convertible into equity at Rs 14 each to non-promoters, raising about Rs 4.2 crore. Allottees: Shalini Jain (12.5 lakh), SRR Tech Consilium (11 lakh), Chirag Jain (5 lakh), Jay Singh Bardia (1.5 lakh). Warrants have 18-month tenor. Also raised authorized capital from Rs 5.5 cr to Rs 8.5 cr and appointed Mr. Pankaj Bansal as Independent Director. AGM on Sept 30.

Likely market impact

Warrants convertible in 18 months could dilute equity by about 37% on full conversion. Needs shareholder nod at AGM on Sept 30.