Announced Wed, 24 Jun · 20:20 IST
Board allots 33 lakh equity shares via preferential issue at face value
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹9.65
prior close
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base price
After-mkt
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AI summary
The company allotted 33,00,000 equity shares at Rs 10 per share (at face value, no premium) to 6 investors, raising Rs 3.30 crore. This is the first phase of a larger preferential issue of up to 2,03,50,000 shares approved earlier. Allottees include Manoj Jain (9.5 lakh shares) and Chirag Shah HUF (10 lakh shares). Post-allotment paid-up capital rises to 2,21,80,000 shares.
Likely market impact
Equity dilution of about 17.5 percent. No premium means no immediate value accretion for existing shareholders from this tranche.