Board Approves Rights Issue of Equity Shares Worth Rs 15 Crore at Rs 10 Each

Fund Raising View source PDF Explain this filing

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

+0.1%Reaction day

₹107.19

prior close

₹109.80

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.4% vs market

Other Financial Services peers, median of 78sector+0.0%+0.1% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.1 pts more than its Other Financial Services 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

-2.1

10m

-2.9

15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1-0.3+0.4+0.0+0.1

Next day

-1.4+0.9-2.3+0.0-1.4

-0.9+2.3-3.2+0.0-0.9

+5.3+2.4+3.0-0.4+5.7

+0.9+1.8-0.9-0.2+1.2

+0.3+1.3-1.0-1.3+1.6

-1.7+0.4-2.1-1.7-0.0

15d

-5.8-1.1-4.7-2.3-3.5

-10.4-3.3-7.1-5.4-5.0

-11.4-0.5-10.9-5.1-6.3

+23.7-8.2+31.8-13.1+36.8

UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 78Pending

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

AI summary

Board approved raising up to Rs 15 crore through a rights issue of equity shares at Rs 10 per share, equal to face value (at par). The ratio is 15,00,000 equity shares for every 14,09,189 shares held. A Rights Issue Committee has been formed to finalise terms and appoint bankers. Record date will be notified later.

Likely market impact

Dilution for non-subscribing shareholders. Issue at face value suggests capital need rather than premium fundraising.