Preferential issue of equity shares and warrants at Rs 72 each

Fund Raising View source PDF Explain this filing

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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

+5.0%Reaction day

₹77.05

prior close

₹80.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%+4.1% vs market

Investment Company peers, median of 61sector+0.3%+4.7% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.7 pts more than its Investment Company 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

+5.0+0.9+4.1+0.3+4.7

Next day

+10.2+0.5+9.7+0.4+9.8

+9.3+0.7+8.5+0.2+9.1

+1.5+0.0+1.5+0.0+1.5

+0.1-2.0+2.1-1.4+1.4

+3.7-0.1+3.8-0.7+4.4

+2.4+1.4+1.0-0.4+2.8

15d

-9.1-1.4-7.7-2.6-6.6

-2.1+1.3-3.5-0.4-1.8

-16.2+3.8-19.9-3.7-12.5

-20.9+2.9-23.7-9.6-11.3

UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 61Pending

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

AI summary

Board approved issuing up to 23 lakh equity shares at Rs 72 each (Rs 62 premium) and 11.5 lakh convertible warrants at the same price to non-promoter investors on preferential basis. Combined potential raise is about Rs 24.84 crore. Investors include Aegis Investment Fund PCC, Niveza Small Cap Fund and Enact Technologies. For warrants, 25 percent is payable upfront and rest on conversion within 18 months. Postal ballot seeks shareholder approval.

Likely market impact

Potential Rs 24.84 crore raise with about 16 percent dilution on full warrant conversion. Postal ballot approval and use of funds details are key.