Maha Rashtra Apex Corp to raise up to Rs 15 Crore via rights issue

Fund Raising View source PDF Explain this filing

MAHAPEXLTD · price

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

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₹107.19

prior close

₹106.61

announcement price

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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.

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Next day

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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

The board has approved a rights issue of up to Rs 15 crore by issuing about 1.5 crore equity shares at Rs 10 per share, priced at face value with no premium. The ratio is 15,000,000 shares for every 14,090,896 shares held, meaning shareholders can buy roughly 1.06 new shares for each share they own. Eligible shareholders as on the record date will be entitled to subscribe. A Rights Issue Committee has been set up to decide final terms and appoint the banker and registrar.

Likely market impact

Significant equity dilution likely; existing shareholders get priority to subscribe. Issue at face value offers no premium, limiting upside for non-subscribers.