Board approves Fiba Hardwyn share swap and higher authorised capital

Fund Raising View source PDF Explain this filing

HARDWYN · price

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

+2.6%Reaction day

₹12.24

prior close

₹12.20

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+2.1% vs market

Furniture Home Furnishing peers, median of 6sector+0.1%+2.6% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.6 pts more than its Furniture Home Furnishing 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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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Furniture Home Furnishing peers, median of 6Pending

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

AI summary

The Board approved issuing 25,376,751 equity shares at Rs 184 each, worth Rs 466.93 crore, in exchange for 22,066,674 Fiba Hardwyn Locks shares, or 33.50% of the target. The lock maker reported FY2024-25 turnover of Rs 4,365.61 lakhs. The Board also proposed raising authorised capital from Rs 50 crore to Rs 55 crore, subject to shareholder approval, and appointed two audit firms for five years.

Likely market impact

Broader hardware exposure may aid growth, but 25.38 million new shares may dilute existing holders; recipients' stake rises from 43.78% to 46.55%.