Announced Thu, 10 Sept · 20:44 IST
Allotment of 5.99 crore rights equity shares at Rs 3.17 each
KSHITIJPOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.5%1-day move
₹3.46
prior close
₹3.32
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.8+3.6+2.7+2.4+5.5+10.7+16.2+21.7+27.5—————
Up moveDown movePending
AI summary
Kshitij Polyline's board approved allotment of 5,98,86,887 equity shares under its rights issue at Rs 3.17 per share (face value Rs 2, premium Rs 1.17), raising about Rs 1,898.41 lakhs. The issue was subscribed at 104.85 percent against the issue size of 6,16,97,950 shares worth Rs 1,955.83 lakhs. Post-allotment paid-up equity capital rises to 21,41,31,761 shares from 15,42,44,874 shares.
Likely market impact
Paid-up share capital rises by about 39 percent. Oversubscribed rights issue signals shareholder confidence. Expect minor dilution and ex-rights price adjustment.