Indiabulls allots 51.55 crore convertible warrants at INR 19.40 each

Marquee QIP investorFund Raising View source PDF Explain this filing

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

+3.0%Reaction day

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+2.7% vs market

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250, 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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AI summary

Indiabulls has allotted 51.55 crore convertible warrants at INR 19.40 each (face value INR 2, premium INR 17.40), in a total issue worth about INR 1,000 crore. Promoter group entities Phanes Limited and Hermes Limited got 22.52 crore and 14.02 crore warrants. Non-promoter allottees EBISU Global Opportunities Fund and Nyaasa Global Fund got 10 crore and 5 crore warrants. The company received 25% upfront (about INR 250 crore). Warrants must be converted within 18 months.

Likely market impact

Signals promoter confidence and fresh capital raise of about INR 1,000 crore, but potential dilution once warrants convert into equity.