Board approves allotment of 3.74 crore warrants on preferential basis

Fund Raising View source PDF Explain this filing

JETFREIGHT · price

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

+8.1%Reaction day

₹21.80

prior close

₹21.63

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.0%+8.1% vs market

Logistics Solution Provider peers, median of 44sector+0.6%+7.5% vs sector

On the reaction day the stock moved 8.1 pts more than Nifty Microcap 250 and 7.5 pts more than its Logistics Solution Provider 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

+0.0

10m

+10.9

15m

+10.9

30m

+8.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+8.1-0.0+8.1+0.6+7.5

Next day

+4.3-2.0+6.2-0.8+5.0

+0.7-0.1+0.8-0.4+1.0

+0.3-1.6+1.8-1.7+2.0

-0.6-2.7+2.0-2.3+1.7

+2.9+0.3+2.7-0.0+2.9

-1.0+2.6-3.6+2.5-3.4

15d

-0.9+4.2-5.1+1.8-2.7

-2.2+6.2-8.4+5.3-7.6

+4.3+8.6-4.3+2.4+1.9

-5.5+11.2-16.7+3.3-8.8

UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 44Pending

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

AI summary

Jet Freight Logistics allotted 3.74 crore convertible warrants at ₹18 each to promoters and 50 non-promoter allottees on preferential basis, raising ₹67.37 crore total. 25% upfront amount of ₹16.84 crore has been received. Promoter group got about 2.22 crore warrants. Balance 75% is due upon conversion into equity shares of ₹5 face value.

Likely market impact

Equity dilution likely as warrants may convert into shares. Capital raise of ₹67.37 crore signals fundraising activity.