Kross board approves preferential issue of shares and warrants worth Rs 63.6 cr

Fund Raising View source PDF Explain this filing

KROSS · 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

₹214.50

prior close

₹213.73

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%-1.4% vs market

Auto Components & Equipments peers, median of 123sector+0.0%-1.1% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.1 pts less than its Auto Components & Equipments 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

+1.3

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+0.3-1.4+0.0-1.1

Next day

-2.9-0.7-2.3-0.5-2.4

-3.0-1.2-1.8-1.4-1.6

-1.4-0.7-0.7-1.0-0.4

-1.5+0.0-1.5-0.9-0.6

-2.3+0.4-2.8-0.9-1.4

+2.6+0.8+1.8-1.4+3.9

15d

+19.1-0.0+19.1-2.0+21.2

+22.5-0.8+23.2-2.4+24.8

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 123Pending

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

AI summary

Kross Limited board approved raising up to Rs 63.60 crore through preferential issue: 15 lakh equity shares at Rs 212 each (Rs 31.80 cr to 4 non-promoter allottees) and 15 lakh convertible warrants at Rs 212 each (Rs 31.80 cr to promoters Sumeet Rai and Kunal Rai). Warrants convertible within 18 months with 25 percent upfront payment. Postal ballot notice also approved.

Likely market impact

Equity dilution expected for shareholders. Promoter warrant subscription signals promoter commitment, subject to shareholder approval via postal ballot.