Rights Issue up to Rs. 49.87 crore approved by Board

Fund Raising View source PDF Explain this filing

LAMOSAIC · price

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

+4.6%Reaction day

₹48.75

prior close

₹48.75

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+6.2% vs market

On the reaction day the stock moved 6.2 pts more than Nifty Microcap 250, 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

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+4.6-1.6+6.2

Next day

+2.6-0.6+3.1

+2.2-0.8+3.0

-2.9-2.1-0.8

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15d

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AI summary

Board approved raising up to Rs. 4,987.06 lakhs (about Rs. 49.87 crore) through a Rights Issue of fresh equity shares to eligible shareholders. Terms like price, ratio and record date to be decided later. Also, Mr. Vinod Visaria re-designated from MD to Whole-Time Director for 3 years. Two directors resigned and board committees were reconstituted.

Likely market impact

Existing shareholders get rights to subscribe new shares. Possible equity dilution if rights are not fully taken up.