Letter of Offer filed for Rs 58.91 crore rights issue

Corporate Actions 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

-7.9%Reaction day

₹11.99

prior close

₹12.99

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-8.3% vs market

Capital Markets peers, median of 64sector · industry level-0.0%-7.9% vs sector

On the reaction day the stock moved 8.3 pts less than Nifty Microcap 250 and 7.9 pts less than its Capital Markets 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

Stock

-3.0

10m

-3.2

15m

-7.6

30m

-8.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.9+0.4-8.3-0.0-7.9

Next day

-8.7+2.1-10.8+2.0-10.6

-7.4pendingpending+1.5-8.9

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15d

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UpDownMarket · Nifty Microcap 250Sector · Capital Markets peers, median of 64Pending

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

AI summary

The company filed the Letter of Offer for up to 58,906,105 equity shares at Rs 10 each, in a 17-for-2 rights ratio for shareholders on October 30, 2026. The issue runs from November 6 to November 26 and would raise Rs 58.91 crore if fully subscribed.

Likely market impact

If fully subscribed, the company will raise Rs 58.91 crore, but shareholders who do not subscribe will face dilution.