Board approves Rights Issue of up to Rs 14.50 crore

Fund Raising View source PDF Explain this filing

LIBAS · price

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

-5.2%Reaction day

₹12.83

prior close

₹12.96

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%-5.5% vs market

Garments & Apparels peers, median of 38sector-0.2%-5.0% vs sector

On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 5.0 pts less than its Garments & Apparels 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

+0.3

10m

+1.9

15m

+1.4

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.2+0.2-5.5-0.2-5.0

Next day

-5.5+1.1-6.6-0.8-4.7

-4.5+1.1-5.6-0.4-4.1

-6.0-0.9-5.1-1.8-4.2

-5.1+1.0-6.0-0.4-4.6

-4.2-0.5-3.7-2.8-1.4

-5.8+1.4-7.2-1.4-4.5

15d

-7.2+6.2-13.5+6.4-13.7

-11.6+7.1-18.7+3.7-15.3

-21.0+8.0-29.0+1.8-22.9

-18.9+11.2-30.1-5.0-13.9

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 38Pending

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

AI summary

Libas Consumer Products Limited board has approved raising funds up to Rs 14.50 crore through a Rights Issue of equity shares of face value Rs 10 each. Eligible shareholders as on a record date (to be notified later) will be offered the shares on terms decided by the Board or Rights Issue Committee. A Rights Issue Committee led by MD Riyaz Ganji has been formed to oversee the process. The issue is subject to SEBI and other regulatory approvals.

Likely market impact

Existing shareholders will get the right to buy additional shares pro-rata. If not fully subscribed, the issue may result in shareholding dilution.