Allotment of 2.24 crore warrants at INR 89.13 each on preferential basis

Fund Raising View source PDF Explain this filing

JAYNECOIND · 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

-1.1%Reaction day

₹92.80

prior close

₹91.80

announcement price

In-mkt

timing

Nifty Microcap 250market-1.3%+0.2% vs market

Iron & Steel Products peers, median of 106sector-1.9%+0.8% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.8 pts more than its Iron & Steel Products 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

-0.6

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-1.3+0.2-1.9+0.8

Next day

-1.9-1.3-0.6-2.7+0.8

+1.0+0.0+1.0-1.4+2.4

+3.1-0.2+3.4-1.4+4.6

-0.9-3.0+2.1-4.3+3.5

-1.6-2.7+1.1-3.3+1.7

+4.1-1.7+5.8-2.8+6.9

15d

-4.0-8.9+4.9-11.1+7.1

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 106Pending

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

AI summary

Jayaswal Neco Industries allotted 2,24,39,134 subscription warrants to Vibrant Enterprises, a Jayaswal family partnership firm, at INR 89.13 per warrant, totalling around INR 200 crore. Issued via preferential private placement. Each warrant converts into 1 equity share of INR 10 face value within 18 months. The investor paid 25 percent upfront, about INR 50 crore, with balance due upon exercise.

Likely market impact

Potential equity dilution over 18 months as warrants get exercised. Promoter group strengthening stake via this preferential issue.