Preferential issue of 77.08 lakh shares to promoters allotted

Fund Raising View source PDF Explain this filing

IRISDOREME · price

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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

+5.9%Reaction day

₹60.22

prior close

₹61.68

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+5.3% vs market

Garments & Apparels peers, median of 42sector+0.7%+5.3% vs sector

On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250 and 5.3 pts more than its Garments & Apparels 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

-0.2

10m

-0.2

15m

-0.2

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.9+0.7+5.3+0.7+5.3

Next day

+2.6+1.1+1.5+0.1+2.5

+2.4+1.6+0.8-0.1+2.5

+3.2+1.5+1.7+0.1+3.1

+3.4+1.3+2.1+0.1+3.3

+2.9+1.4+1.5+0.5+2.4

-2.0-2.1+0.0-2.7+0.7

15d

+5.2-0.9+6.1-3.3+8.5

-0.4-1.4+1.1-4.1+3.7

—————

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 42Pending

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

AI summary

Iris Clothings allotted 77,08,183 equity shares at INR 41.67 each (face value INR 2, premium INR 39.67) via preferential issue to promoters Mr. Harsh Vardhan Sarda (38,54,092 shares) and Mrs. Pooja Sarda (38,54,091 shares). Total consideration is INR 32.12 crore, paid through share swap (non-cash). Promoter holdings rise from 0.03% and 0.49% to 1.97% and 2.42% respectively.

Likely market impact

Promoter stakes rise modestly via non-cash share swap, no fresh capital. Minor dilution for existing public shareholders.