Preferential equity allotment of Rs 5.9 cr and redemption of preference shares

Fund Raising View source PDF Explain this filing

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

+0.1%Reaction day

₹24.00

prior close

₹24.49

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-1.0% vs market

Other Textile Products peers, median of 179sector+0.2%-0.1% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.1 pts less than its Other Textile Products 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

—

10m

-1.9

15m

-1.9

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1+1.1-1.0+0.2-0.1

Next day

-3.3+2.4-5.8+1.0-4.3

+4.1+2.9+1.2+1.4+2.7

+5.8+4.2+1.6+1.5+4.3

+3.7+4.6-0.9+1.4+2.2

+2.1+4.6-2.5+1.2+0.9

+2.0+4.4-2.4+0.3+1.7

15d

+0.0+5.7-5.7+0.6-0.6

-2.3+6.6-8.8+1.6-3.9

+1.6+5.4-3.8-0.8+2.4

—————

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 179Pending

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

AI summary

Board allotted 24.60 lakh equity shares at Rs 24 each (Rs 14 premium) to 7 non-promoter allottees on preferential basis, raising about Rs 5.90 crore. Proceeds used to redeem 5.90 lakh 0.01% non-cumulative redeemable preference shares worth Rs 5.90 crore held by 3 holders.

Likely market impact

Equity dilution for existing shareholders. Capital structure simplifies by replacing low-cost preference shares with fresh equity.