Announced Fri, 31 Jul · 16:45 IST
IIRM Holdings to raise Rs 1500 Mn via equity and warrants at Rs 143.28
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
-7.6%1-day move
₹145.00
prior close
₹149.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.7-6.5-3.4-3.4-7.6-3.8-4.1-4.3-6.9-8.4-10.3-7.8——
Up moveDown movePending
AI summary
Raising Rs 1500 million through a combination of Equity Shares and Fully Convertible Warrants at Rs 143.28 each, led by private equity firm Carpediem Capital and AIF Sanshi Fund - I. Proceeds will support business expansion, strategic acquisitions, capital expenditure and working capital. The issue is subject to shareholder and regulatory approvals. IIRM Holdings handles over Rs 16 billion in GWP in FY26, operating across India, Singapore, Sri Lanka, Maldives and Kenya with 18 offices and over 500 employees.
Likely market impact
Institutional backing validates growth strategy; expect near-term dilution from share and warrant issuance.