20 lakh warrants lapse, Rs 3.25 cr application money forfeited

Fund Raising View source PDF Explain this filing

MANAKCOAT · price

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

-1.8%Reaction day

₹120.00

prior close

₹119.94

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-3.1% vs market

Iron & Steel Products peers, median of 100sector+0.0%-1.8% vs sector

On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 1.8 pts less than its Iron & Steel Products 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

+0.1

10m

-0.0

15m

+0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8+1.3-3.1+0.0-1.8

Next day

-5.5+1.6-7.1-0.6-4.9

-4.4+1.7-6.1-0.3-4.1

-2.5+1.6-4.1-0.5-2.0

-2.5+1.5-4.0-0.9-1.6

-1.5+1.8-3.3-0.8-0.7

-4.0+2.1-6.1-1.4-2.6

15d

+3.4+3.2+0.2+0.1+3.3

+0.7+3.7-3.0+0.7-0.1

+5.0+1.1+3.9+0.0+5.0

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 100Pending

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

AI summary

The board of Manaksia Coated Metals and Industries Limited approved the lapse of 20 lakh share warrants originally issued on 31 January 2025 to AIO Growth Capital Fund SPC. The warrant holder failed to pay the remaining 75 percent within the 18 month deadline, so the 25 percent upfront application money of about Rs 3.25 crores stands forfeited. No equity shares were ever allotted against these warrants, so the company paid up share capital stays unchanged.

Likely market impact

The forfeited Rs 3.25 cr becomes a one-time gain for the company. No share dilution now occurs from these warrants. Mildly positive for existing shareholders.