Indiabulls seeks approval for 51.55 crore preferential warrants issue

Fund Raising View source PDF Explain this filing

IBULLSLTD · price

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

+2.4%Reaction day

₹27.05

prior close

₹27.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+2.0% vs market

On the reaction day the stock moved 2.0 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

Stock

+1.1

10m

+2.2

15m

+2.4

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+2.4+0.4+2.0

Next day

+7.4+1.7+5.7

+12.8+2.1+10.7

+9.2+2.1+7.1

+6.2+2.1+4.1

+4.0+1.9+2.1

+0.2+2.4-2.2

15d

-0.4+3.0-3.4

-5.0+3.7-8.8

+8.9+1.6+7.4

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Indiabulls filed for in-principle approval to issue 51.55 crore preferential warrants, each convertible into one equity share of Rs 2. On full conversion, total shares rise from 232.95 crore to 286.68 crore, about 23% dilution. Promoter group stake goes from 32.91% to 39.49%, public holding drops from 63.18% to 57.34%. A foreign body corporate gets 36.55 crore shares.

Likely market impact

Significant dilution ahead as 51.55 crore warrants convert into equity; promoter stake rises to 39.49%, reducing public shareholding to 57.34%.